Hello readers,The tragic crash of Air India Flight AI-171, on Thursday last week, is one of the worst civil aviation accidents in history. While the technical
investigation by the Aircraft Accident Investigation Bureau is still ongoing, the government is now taking the initial steps which might lead to a major framework for enhancing civil aviation security in the country.
The government has set up a high-level committee, led by the secretary of the Ministry of Home Affairs, to look into the broader aviation security landscape in the country. The panel will also undertake an independent assessment of the plane crash.
As Indian airlines order a record number
of aircraft for their domestic and international operations, there is now an increasing need to create an overarching institutional framework which focuses on air transport safety.
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Other key developments this week:Air India Boeing 787 crashes in Ahmedabad Flight AI-171 crashed shortly after takeoff, killing 241 passengers, with only one survivor. The flight was en route to London Gatwick when it crashed just
outside the airport perimeter.
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IRFC lends â¹5,000 cr to NTPC for infra projectsIn a significant move to expand its financial footprint, Indian Railway Finance Corporation (IRFC) has sanctioned a â¹5,000 crore loan to NTPC for infrastructure development, marking a diversification of its lending portfolio.
Read more Adani Airports eyes $1 billion fundraise from global investorsAdani Airports is in talks with international investors to raise up to $1 billion as it looks to scale up operations and build long-term airport infrastructure across its network.
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Cabinet clears â¹6,405 cr for rail doubling projects in 3 statesThe Union Cabinet has approved two key railway doubling projects worth â¹6,405 crore across Bihar, Madhya Pradesh, and Telanganaâaimed at enhancing capacity and improving freight and passenger movement.
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Thatâs a wrap!Weâll be back next week with more updates, expert insights and on-ground developments from Indiaâs infrastructure world. Until then, stay informed and stay
safe.