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GMR eyes overseas airport projects
GMR Group, operator of three airports in India and abroad, is charting new business strategy to enhance its top line. As part of this, the infrastructure major is planning to take up projects in Middle East, South East Asia and Eastern European markets. Its other interests include operations and maintenance of Jaipur and Ahmedabad aerodromes as well, according to GMR’s latest annual report.
Hyderabad: GMR Group, operator of three airports in India and abroad, is charting new business strategy to enhance its top line. As part of this, the infrastructure major is planning to take up projects in Middle East, South East Asia and Eastern European markets. Its other interests include operations and maintenance of Jaipur and Ahmedabad aerodromes as well, according to GMR’s latest annual report.
Rs 2,629-cr expansion project at RGIA in progress
“Airport business, going forward, can be a significant growth engine for the group. In line with our growth strategy, the Group is actively pursuing suitable airport opportunities in India as well as globally,” GMR said in the report. “Domestically, the Group is exploring upcoming opportunities for the development of Nagpur Airport and O&M opportunity of Jaipur and Ahmedabad Airports.
On the global front, it has pre-qualified for development and operation of Nikola Tesla airport in Belgrade, Serbia, Norman Manley airport in Jamaica. Apart from the aforementioned opportunities, the Group is selectively exploring new opportunities in South East Asia, Middle East and Eastern Europe.”
An Expert Appraisal Committee under the Ministry of Environment, Forest and Climate Change has recently accorded permission for GMR Group’s proposal for the Rs 2,629 crore expansion plans of the Hyderabad airport and Rs 16,000 crore New Delhi's Indira Gandhi International Airport (IGIA).
By Business Bureau
