Aditya Birla Group mulls airport foray

Mumbai: After retail, the Aditya Birla Group is now considering airport development. Sources close to the development said the group will shortly take a decision on the business, which has seen interest from large houses like the Tatas and the Ambanis.
The group was expected to enter the business of developing non-metro airports. In that case, it would not need a foreign partner, as was the case with the Tatas and the Ambani brothers, who have bid for the Navi-Mumbai airport but have not finalised tie-ups.
When contacted, an Aditya Birla Group spokesperson said, “We do not comment on market speculation.”
For metro and greenfield projects, the winner of bids will have to take up development of both the aeronautical part and the civil facilities. That is why the Tatas and the Ambanis are jointly bidding with foreign partners for these projects.
These joint ventures involve getting the foreign companies to supply the technical knowhow for the aeronautical part of the projects.
19/06/07 P R Sanjai & Kausik Datta/Business Standard

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Categories: Airports Jun 2007, New Jun 2007