You may feel a hint of Singapore at Ahmedabad, Jaipur airports soon
Advertisement
The Airports Authority of India and operator of Singapore’s Changi Airport have entered into an agreement and the latter has become the first foreign company to manage Indian airports.
Changi has been given contracts for Ahmedabad and Jaipur airports.
There was no bidding for the contract and the decision was made during PM Narendra Modi’s visit to Singapore. However, financial terms haven’t been finalised yet.
AAI wants to compete against global airport majors in bidding for the Goa airport. AAI will likely form a special purpose vehicle to bid for the Rs 3,000 crore project.
As India’s domestic air traffic growing, more and more global players are showing interest in Indian airports.
As per International Air Transport Association data , October’s revenue passenger kilometers rose 17.6% in India's domestic sector. The next best was China, with growth of 12.8%.
Meanwhile, Ahmedabad has a huge traffic mainly from corporate executives, whereas India’s pink city of Jaipur has more foreign and domestic tourists coming in.
PwC had said that India is expected to see an average annual increase in infrastructure spend of 15.4%, amounting to around $14 billion over the next decade.
(Image: Indiatimes)
Advertisement
Changi has been given contracts for Ahmedabad and Jaipur airports.
There was no bidding for the contract and the decision was made during PM Narendra Modi’s visit to Singapore. However, financial terms haven’t been finalised yet.
AAI wants to compete against global airport majors in bidding for the Goa airport. AAI will likely form a special purpose vehicle to bid for the Rs 3,000 crore project.
As India’s domestic air traffic growing, more and more global players are showing interest in Indian airports.
Advertisement
Meanwhile, Ahmedabad has a huge traffic mainly from corporate executives, whereas India’s pink city of Jaipur has more foreign and domestic tourists coming in.
PwC had said that India is expected to see an average annual increase in infrastructure spend of 15.4%, amounting to around $14 billion over the next decade.
(Image: Indiatimes)
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market