Cial plans Rs5,000 crore airport-based SEZ at Kochi

Chennai: Cochin International Airport Ltd (Cial), that runs the airport in Kochi, is planning to set up an airport-based special economic zone (SEZ) with an estimated cost of Rs5,000 crore on 300 acres of land.
An airport-based SEZ is a duty-free region developed near an airport that will require minimum clearances to start industries.
“The proposed maintenance, repair and overhaul centre for aircraft, IT/ITeS park and other knowledge processing based projects will be coming under this airport-based SEZ,” S. Bharat, managing director of Cial said.
Meanwhile, Cial is also planning to develop an Aerotropolis or an airport city, which will have luxury hotels, golf course, convention centre, logistics centres, amusement parks and cultural villages. The Aerotropolis, which will also focus on medical tourism centres, is part of the proposed SEZ.
Cial recently appointed a Mumbai-based aviation consultant Aerobiz International to guide it in starting an aircraft maintenance facility or maintenance, repair and overhaul (MRO).
Cial is also setting up an aviation training institute that will train engineers, pilots and other professionals required for airports and airlines.
15/10/07 P.R.Sanjai/Livemint

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Categories: Airports Oct 2007, New Oct 2007