In an important step aimed at strengthening the Indian aviation sector and its infrastructure, the India Infrastructure Finance Company Limited (IIFCL) has loans worth ? 8.8 billion approved, as announced by PR director Jaishankar on Sunday.

Mr Jaishankar revealed: "To date, IIFCL has given the green light to loans amounting to around ?78.8 billion, with disbursements of more than 4 billion euros, dedicated to the progress of airport projects."

He stressed the urgent need for substantial investment in the industry to achieve the ambitious goal of advancing the civil aviation sector in India. As a major funder for airports across the country, IIFCL has expanded its support to airport projects with a total project spend of approximately €77.4 billion. Mr. Jaishankar underscored IIFCL's extensive presence at virtually all major airports across the country.

This move by IIFCL is expected to play a crucial role in further improving India's aviation infrastructure and facilitating the growth of the country's aviation industry.