
CosmicTaco
12moIndia's Bold Move to Privatise 11 Tier-II Airports
- The Indian government is planning to privatise 11 airports in tier-II cities like Varanasi, Amritsar, Raipur, and Bhubaneswar.
- Private operators may get to build shopping complexes, conference centres, and commercial offices around these airports.
- The civil aviation ministry is considering amending the Airports Authority of India (AAI) Act, 1994, to widen the scope of commercial land use.
- The government aims to complete the privatisation process by the end of the next fiscal year.
- This move is part of a larger plan to monetise 25 airports over four years, targeting ₹20,782 crore.
Source: Moneycontrol, The Economic Times
12mo ago

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