99957 Investors following TCS. Share this News with them.
0
Like this story, share it with millions of investors on M3
Air connectivity, key to infrastructure growth: Patel
Investments to the tune of $150 billion are expected in the domestic aviation sector in the next 10 years, which would transform it into a sunrise sector such as information technology and telecommunication, according to the Union Minister for Civil Aviation, Mr Praful Patel, here.
It would have had wide-ranging and crucial ramifications on our future. And we should recognise its importance," he remarked.
On tourism
Mr Patel regretted that a country of India's size attracted only four million tourists annually because of lack of key infrastructure facilities such as airports and aviation.
Even city states like Dubai and Singapore attracted far more tourists of various classes because of excellent and affordable infrastructure.
They, in fact, survived mainly on visitor-based economy and marketing strategies.
Regretting that urban planning in India is in a "total chaos' - Mumbai is now one of the most unliveable places" - he said, while creating infrastructure, India should focus on the future rather than the current needs or making up for shortfalls.
"We need to generate more power than the 1,00,000 MW of shortfall."
Similarly, other sectors of infrastructure, such as roads and ports, should also be developed with an eye on future.
Mr N.K. Singh, former Union Revenue Secretary and Deputy Chairman of Planning Commission, Bihar, and Mr S. Ramadorai, Managing Director and Chief Executive Officer of Tata Consultancy Services (TCS) also spoke on the occasion.