Adani Group to Invest $7.25 Billion in Airports – India Report
Photo Credit: In January 2024, Indian airlines carried over 13 million passengers. Pixabay / Jensie De Gheest
Skift Take
Air travel in India is recovering rapidly, and as the demand is rising, the sector remains underserved. Efforts are being ramped up to improve aviation infrastructure in the country.
The Adani Group is set to invest INR 600 billion in its airport business over the next five to 10 years. This investment will be used to expand seven of the existing airports in its portfolio and will be split evenly between ‘airside’ expansion and ‘cityside’ development, the conglomerate said.
Airports set to expand: The group has identified Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati, Thiruvananthapuram, and Jaipur airports for this expansion. While the group acquired the operating rights for the Mumbai airport in 2021, the remaining six of the selected airports had been acquired by Adani Group in 2019.
Adani Ports and Special Economic Zone managing director Karan Adani stated that the current capacity at the group’s airports is 100-110 million passengers annually. The aim is to increase this capacity by up to three times with the help of the investments. The Lucknow airport has already got a new terminal, and new terminals are being plan
