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According to Chief Executive Arun Bansal on Wednesday, India’s Adani Airports, a division of billionaire Gautam Adani’s conglomerate, will compete for additional airports in the nation as part of its goal to become the top airport operator there.
Adani Airports won the bids to run six airports in the government’s most recent round of airport privatisation.
Over the following few years, India is anticipated to privatise approximately a dozen more airports, and Bansal announced that the group would take part in the auction.
Bansal discussed the enormous potential in the Indian market that Adani Airports envisions at the CAPA India Summit. He believes that the corporation may grow its airport business by maintaining a laser-like focus on the Indian market.
In a few years, due to increased usage of technology, the cost of managing airports should decrease by 30 to 50 percent, according to Bansal. “Airports make plans for the next five to ten years and update them if capacity issues arise. 40 years out, Adani Airports has a plan. Operational Scalability is also a focus, he continued.
Adani Airports Progress on Building New Airports
Adani Group’s 2,866-acre airport in Navi Mumbai, which would serve 90 million people by 2036, is one of India’s major airport initiatives. Zurich Airport International AG is building a new terminal with a 70 million passenger capacity for the capital city of New Delhi. There will be new greenfield airports built in the states of Gujarat, Andhra Pradesh, and Karnataka.
Domestic and international travellers increased by 92% and 133%, respectively, at each of the seven Adani airports. Similarly, the number of domestic and international flights has increased by 58% and 61%, respectively.
According to Bansal, Adani Airports is optimistic about the nation’s aviation market and intends to “build more airports,” adding that the first phase will see Navi Mumbai airport open for business by December 2024.
The first phase of the Navi Mumbai airport will have a 20 million passenger handling capability. Mumbai Airport is also run by Adani Airports.
Scope Of Air Travel In India
In order to match airline orders for hundreds of new planes to meet a resurgent travel demand, the central government plans to spend approximately Rs 980 billion ($12 billion) on airports over the next two years.
The goal of the world’s fastest-growing aviation market is to increase the number of airports from the current 148 to 220 by 2025. To that end, private builders will contribute about $9 billion, with the rest coming from the government-run Airports Authority of India.
The Center plans to build new greenfield airports in Navi Mumbai in Maharashtra, Vijayapura, Hassan, and Shivamogga in Karnataka, Noida (Jewar) in Uttar Pradesh, Dholera and Hirasar in Gujarat, and Bhogapuram in Andhra Pradesh over the next five years.
Bansal pointed out that the 3–4 persons that travel with each passenger to the airport should also bring in extra money.
