Prime Minister Manmohan Singh today said regulatory and policy framework needs to be aligned with the requirements of the civil aviation industry to encourage serious investment in the sector that can absorb upto 120 billion dollars by 2020.
Inaugurating the new Terminal 3, a world class airport here, he said "we need to create safe, secure, efficient and
environment-friendly systems conducive to healthy growth of the civil aviation sector."
The government was working to achieve these goals, he said adding the Directorate General of Civil Aviation is being
strengthened. The Airport Economic Regulatory Authority has been set up as a regulator for the airport sector for
monitoring issues like airport charges and service standards," he said.
Expressing happiness over completion of the terminal in a record time of 37 months, the Prime Minister said the airport
terminal establishes new global bench marks and exemplies country's resolve to bridge the infrastructure deficit.
It proved the success of the Public Private Partnership model in execution of large infrastructure projects, he said.
"India is the ninth largest aviation market in the world. Ten scheduled airlines are operating here compared to
two in the 90s. During the same period the number of aircraft deployed by the airlines has increased by four times from 100 to 400," Singh said.