The Airports Authority of India (AAI) has defended the planned runway maintenance at Srinagar International Airport, stating that the work is essential to ensure aviation safety and maintain operational efficiency. The maintenance programme, proposed by the Indian Air Force, will involve periodic runway closures and a temporary complete shutdown later this year. The move has triggered concerns among tourism operators, trade bodies and businesses in Kashmir over its impact on travel and economic activity. However, authorities have maintained that the repairs are critical and cannot be delayed further due to safety and infrastructure requirements.Read more
The Srinagar Development Authority (SDA) and National Buildings Construction Corporation (NBCC) have signed an MoU to develop a satellite township at Rakh Gund Aksha, Bemina, Srinagar, spanning 406 acres. The project, costing approximately INR 15,000 crore, will unfold over five years in phases, featuring modern amenities like residential plots, luxury villas, apartments, commercial spaces, and a five-star resort. Supported by a self-sustaining model, the project will include 3,200 affordable housing units. This collaboration aims to modernise Srinagar's infrastructure, stimulate the local economy, create jobs, and attract investment, marking a significant milestone in the region's development.Read more
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