The aviation sector needs USD 30 billion worth of investment over the next 15 years to keep up with booming passenger and cargo traffic, Aviation Secretary Nasim Zaidi said today.

"We must have a long-term planning matched with a vibrant regulatory framework as Indian aviation has all the necessary ingredients to grow exponentially," he said at an Assocham event here.

Zaidi said 12 greenfield airports are currently being developed in different parts of the country, providing an opportunity to become a global hub for airlines.

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