Upgradation and modernization of airports in India will require US$ 33 billion investment in the next ten years. Airports Authority of India has set a target of investing 1 billion dollars for modernization of airports
In greenfield airports 100% foreign investment is allowed.
The government is planning to privatize the operation and management of the four international airports at Delhi, Mumbai, Chennai and Kolkata to private operators. These airports handle significant amounts of both passenger and cargo traffic. Projections show that traffic is likely to increase steeply at these airports
Private sector participation is also allowed in airport modernization, ground services, and aircraft manufacture