Will propose 'further airport privatisation' to Cabinet on Wednesday: Puri
Adani Enterprises had won the rights to run six airports after a competitive bidding process in February 2019
)
Explore Business Standard
Adani Enterprises had won the rights to run six airports after a competitive bidding process in February 2019
)
The Ministry of Civil Aviation will place a proposal for "further" privatisation of airports before the Union Cabinet on Wednesday, Minister Hardeep Singh Puri said.
In the first round of privatisation by the Narendra Modi government, airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati were cleared for operation, management and development through public-private partnership (PPP) model in February 2019.
Subsequently, the Airports Authority of India (AAI) had in September 2019 recommended the Civil Aviation Ministry to privatise airports in Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.
Puri said during a webinar on Tuesday: "We are going to the Cabinet tomorrow for further airport privatisation. We have got many more airports lined up, dozens of them, and the 100 new airports we will build between now and 2030."
The AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country.
In 2018, the government decided to privatise the airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
Adani Enterprises had won the rights to run these six airports after a competitive bidding process in February 2019.
Adani Enterprises signed the concessionaire agreement with the AAI for three airports -- Ahmedabad, Mangaluru and Lucknow -- on February 14, 2020.
The aviation sector has been hit hard due to the Covid-19 pandemic. After a gap of two months due to the coronavirus-triggered lockdown, India resumed domestic passenger flights on May 25, albeit in a curtailed manner. International passenger flights continue to remain suspended in the country.
Already subscribed? Log in
Subscribe to read the full story →
3 Months
₹300/Month
1 Year
₹225/Month
2 Years
₹162/Month
Renews automatically, cancel anytime
Over 30 premium stories daily, handpicked by our editors


News, Games, Cooking, Audio, Wirecutter & The Athletic
Digital replica of our daily newspaper — with options to read, save, and share


Insights on markets, finance, politics, tech, and more delivered to your inbox
In-depth market analysis & insights with access to The Smart Investor


Repository of articles and publications dating back to 1997
Uninterrupted reading experience with no advertisements


Access Business Standard across devices — mobile, tablet, or PC, via web or app
First Published: Aug 18 2020 | 3:27 PM IST