Tag Archives: capital expenditure

In the FY 2023-24 so far, the Airports Authority of India (AAI) has achieved a capital expenditure of ₹4,778 Crores, leading India’s civil aviation industry towards progress. AAI is earmarked to undertake a capital expenditure of Rs 25,000 crore for the period between 2019-20 to 2024-25.

Speaking at the 5th edition of the Travel MiCE Show at the Hyderabad Marriott Hotel & Convention Centre, RH Khwaja, Former Secretary, Tourism, revealed that India’s capital expenditure was 11 per cent in tourism between 2011-17. He further said that India is growing in MiCE sector and there is a need for quality in terms of offering MiCE services. Besides, he insisted that India needs to work on its domestic products, apart from foreign exchange earnings by inbound tourists.