Adani announces Rs.1,500 cr airport in Mundra

    Airport project
    In its quest to enter into the aviation sector, Adani Group has decided to set up an international airport at Mundra, Gujarat, entailing an investment of Rs.1,500 crore. In this connection, the group has firmed up plans to upgrade the existing airstrip to a full-fledged commercial airport with integrated cargo and aerospace operations and has already secured environmental clearance for the project, which would be developed without any equity participation from the Airports Authority of India (AAI). However, central agencies will oversee functions like navigation, security, customs, and immigration in such airports. The Adani Group, through its subsidiary Mundra International Airport Private Ltd. (MIAPL), will operate the airport to cash in on the corporate traffic in Mundra, which is fast developing into a business hub. Besides that, with Ahmedabad being the only airport in Gujarat with prime international connectivity, the group believes there is potential for the airport to provide direct connectivity to a large expat Gujarati population.
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