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Billionaires seek own India airport as low fares crowd skies

Published Mon, Sep 21, 2015 · 09:50 PM
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New Delhi

ON A recent trip to the Indian state of Chhattisgarh, federal Power Minister Piyush Goyal sensed that the region could woo investment from SoftBank Group Corp's billionaire founder Masayoshi Son, who happened to be elsewhere in the country.

When Mr Goyal asked for Mr Son to fly to the state capital Raipur immediately, Mr Son's colleague - mindful of India's thicket of aviation rules - thought the minister had lost his mind.

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