Report
Indian Airport Infrastructure
A DC Square Investment Perspective
An examination of India's aviation ecosystem, airport expansion and the industrial technologies supporting future growth.
PDF · 26 pages
From the report
“India is building airport capacity faster than it ever has. That part isn't in question. The more useful question is how capital actually gets deployed into that build-out today, and where the gaps in that access are.”
0
Operational airports, up from 74 in 2014
₹0 lakh cr+
Airport capex expected over the next 4-5 years
0
Airports already under long-term private concession
Source: Ministry of Civil Aviation; DGCA; CRISIL; ICRA, 2026.
Contents
- 01Executive Summary
- 02Sector Overview
- 03Airport Asset Economics
- 04Policy & Concession Framework
- 05Capital, Operators & the Absence of a Securitised Market
- 06India's Airport Operator Landscape
- 07Demand Drivers
- 08Risk Factors
- 09How We Underwrite Airport Infrastructure
- 10Illustrative Valuation Framework
- 11Our Investment Thesis
- 12What Would Change Our View
- 13What We Are Watching
- 14Outlook
- 15Important Disclosures
- 16Sources, Methodology & Appendices
Read the full 26-page report, or download it to keep.