CosmicTaco
CosmicTaco
12mo

India'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

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12mo ago
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