New Delhi: India's aviation sector will need $30 billion worth of investment, spread over the next 15 years, in order to keep up with booming passenger and cargo traffic, aviation secretary Nasim Zaidi said today.
"We must have a long-term planning matched with a vibrant regulatory framework as Indian aviation has all the necessary ingredients to grow exponentially," he said at an Assocham event here.
According to Zaidi, 12 greenfield airports are currently being developed in different parts of the country, which provide opportunity to airlines to create global hubs.
He pointed out that a total of 142 million passengers used airports across the country in the period 2010-11, an increase of 15 per cent over the previous year.
He also said that state-level aviation secretaries would soon meet and consider boosting aviation-related infrastructure.
Foreign investment was also needed to set up training institutes in various areas, especially for air traffic controllers.