The Cabinet Committee of Economic Affairs (CCEA) has approved a Foreign Direct Investment (FDI) proposal of ₹15,000 crore by Anchorage Infrastructure Investment Holding, which is the investment vehicle of Fairfax India for airports and other infrastructure investments. Fairfax India is the majority owner and controller of Bangalore International Airport Ltd, owning a 54 per cent stake in the airport. The FDI is a part of Fairfax India's plan to invest around $2.2 billion in the Bangalore International Airport to create infrastructure for 90 million passengers by 2034. The investment includes the transfer of the government's stake in Bangalore International airport to Anchorage. It also includes ₹950 crore investment in Anchorage Infrastructure Investment Holding Ltd by Ontario Inc.
📅Published on:
30 August 2021
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