Adani Group's Foray into Airports: A Game Changer for India's Aviation Sector
Adani Group is one of the largest conglomerates in India, with interests in sectors ranging from ports, logistics, energy, and now, airports. The company forayed into the airport sector in 2019, and since then, it has been on an acquisition spree. Adani Group acquired seven airports through the AAI (Airport Authority of India) global tender, for a lease of 50 years to operate, manage, and develop these airports. The acquisition of these airports has been a game-changer for the Adani Group in the aviation industry, making them a prominent player in the sector.
The company is incubated within the group's flagship company Adani Enterprises Ltd. (AEL). In February 2020, the company signed the Concession Agreement (CA) for three airports and subsequently commenced operations in Mangaluru International Airport, Chaudhary Charan Singh International Airport (Lucknow), and Sardar Vallabhbhai Patel International Airport (Ahmedabad) in October and November 2020. While in Mumbai International Airport, Adani Group holds a 74% stake, and the remaining 26% stake is with AAI.
1. Mangaluru International Airport (Mangaluru) on 31st Oct 2020,?
?2. Chaudhary Charan Singh International Airport (Lucknow) on 2nd Nov 2020?
?3. Sardar Vallabhbhai Patel International Airport (Ahmedabad) on 7th Nov 2020.
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The seven airports that Adani Group has acquired are:
These airports were handed over to Adani Group with a clear mandate to upgrade and modernise them to international standards. Adani Group's vision is to turn these airports into world-class aviation hubs, equipped with modern technology and world-class infrastructure.
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The acquisition of these airports has been a strategic move by the Adani Group, as it seeks to tap into the growing aviation sector in India. With India projected to become the third-largest aviation market in the world by 2025, the Adani Group's acquisition of these airports has come at the right time. The airports' acquisition has given Adani Group access to a vast network of passengers and airlines, enabling the company to leverage its expertise in the logistics and transportation sectors to offer an integrated airport experience.
The company’s focus on upgrading and modernizing these airports has been evident from the start. The group has already invested over INR 15,000 crores in upgrading the infrastructure at these airports. The group is committed to investing over INR 20,000 crores more in the coming years, to take these airports to the next level.
One of the key areas where the company is focusing on is technology. It has already introduced a range of cutting-edge technologies at these airports, such as facial recognition technology, automated check-in, and self-baggage drop facilities. The company is also working on introducing biometric-enabled boarding, which will allow passengers to board flights seamlessly.
The Adani Group's foray into the airports sector is a game-changer for the industry and has the potential to transform the way we travel and do business in India. With its focus on innovation, sustainability, and growth, the group is poised to become a major player in the aviation sector and contribute to the development of the country.
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