The National Aviation Company of India Ltd, the company that runs Air India, will almost double its investment to Rs 8,165 crore (Rs 81.65 billion), grabbing the biggest chunk of about Rs 12,165 crore (Rs 121.65 billion) outlay for the civil aviation ministry proposed in the Budget 2009-10.
NACIL will meet all of its proposed investment from the internal and extra budgetary resources, the Budget documents presented in the Parliament today showed. The company had invested Rs 4,136.89 crore (Rs 41.37 billion) in 2008-09.
Of the total Plan outlay of Rs 12,164.76 crore (Rs 121.65 billion) for the ministry of civil aviation, the government announced budgetary support of Rs 190 crore (Rs 1.9 billion) for the sector.
Of the Rs 11,974.76 crore (Rs 119.75 billion) proposed to be arranged through IEBR, Rs 3,145.81 crore (Rs 31.46 billion) is to be allocated to the Airports Authority of India. The AAI will get another Rs 99.15 crore (Rs 991.5 million) by way of budgetary support.
The Budget also proposed Rs 74.50 crore (Rs 745 million) allocation through IEBR for Pawan Hans Helicopters Ltd and Rs 10 crore (Rs 100 million) through budgetary support.
Of the total budgetary support for AAI, Rs 20 crore (Rs 200 million) has been earmarked for the development of airports in the north eastern states and the balance amount of Rs 79.15 crore (Rs 7.92 million) is for the development of airports in others like Jammu, Srinagar, Aggatti and Puduchery.
Budgetary support of Rs 50 crore (Rs 500 million) has been provided to the director general of civil aviation.
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Budget 2009: Complete coverage
