Singapore’s Changi Airport has geared up to start managing Ahmedabad and Jaipur airports in India.
The Airports Authority of India (AAI) and Changi have recently inked an initial agreement to this effect, The Economic Times (ET) reported.
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With this deal, Changi becomes the first foreign firm to manage airport operations in the country.
Commenting on the deal signed, AAI chairman RK Srivastava was quoted by ET as saying: "This was signed in the last week of November, during Prime Minister Narendra Modi’s visit to Singapore."
In July, the Indian Government scrapped its previous plans to privatise airports in Chennai, Kolkata, Jaipur and Ahmedabad.
The government, however, said that private companies will be appointed to carry out only operation and maintenance activities such as terminal operations and parking at Jaipur and Ahmedabad airports.
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By GlobalDataAs reported by The Press Trust of India, Ahmedabad and Jaipur airports handled close to 5.05 million and 2.20 million passengers respectively during 2014-15.
The passenger traffic at Ahmedabad and Jaipur airports is anticipated to increase to 6.77 million and 3.75 million passengers respectively by 2023-24.
Meanwhile, AAI is set to participate in bidding for the Goa airport alongside global airport majors. It would form a special purpose vehicle to bid for the Rs30bn ($448.4m) project.
