A total of eight companies has expressed interest in the Indian Government’s project to modernise airports in the cities of Kolkata, Chennai, Ahmedabad and Jaipur.
Some among them include GMR Airports, GVK Group and Adani Ports and Special Economic Zone.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The government had issued a ‘request for qualification’ document in December to be awarded on public-private partnership (PPP) model, which was a change in the earlier plan of modernising Jaipur and Ahmedabad airports on the PPP model and that of the other two on management contract.
The Economic Times quoted a senior civil aviation ministry official as saying: "All these eight companies are good companies. We have started the process of privatising these airports and should try to finish it as early as possible, but definitely not by the end of this fiscal."
A number of the other companies that have expressed interest in the project include Egis India Consulting Engineers, Flemingo Duty Free Shop, Siemens Postal Pacel and Airport Logistics, International Business development Flughafen Zurich AG Postfach and Bhadra International (India).
The country’s UPA government that was in power last year had initiated the process to award management contracts for these six airports. However, work on the plan came to a stop following a difference of opinion between the civil aviation ministry and the Planning Commission, reported ET.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataET further quoted a senior civil aviation ministry official as saying: "First phase of privatisation has provided us the best airports, but that has come with increase in charges.
"We are conscious that the charges at these airports need to be kept at a minimum even after privatisation. Hence, we will decide on a model that will not see huge rise in charges even after privatisation."
