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India Airport Terminal Facility Industry Analysis
The airport terminal construction industry in India has seen significant growth in recent years, with a number of major projects underway or recently completed. The increasing demand for air travel in India, coupled with the government's focus on modernizing and expanding the country's infrastructure, has led to a boom in the construction of new airport terminals.
One of the major drivers of growth in the airport terminal construction industry in India is the government's ambitious plan to increase the number of operational airports in the country from around 100 at present to over 200 by the year 2024. This plan, known as the National Civil Aviation Policy, aims to make air travel more accessible and affordable for people in all parts of the country, and is expected to drive demand for new airport terminals.
Another factor contributing to the growth of the airport terminal construction industry in India is the increasing number of foreign tourists visiting the country. India has seen a steady increase in foreign tourist arrivals in recent years, and this trend is expected to continue in the future. As a result, many airports in India are undergoing expansion and modernization projects to accommodate the growing number of passengers.
Overall, the airport terminal construction industry in India is expected to continue growing in the coming years, with a number of major projects underway or in the pipeline. This growth is likely to be driven by the government's focus on modernizing and expanding the country's infrastructure, as well as the increasing demand for air travel and the growing number of foreign tourists visiting India.
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