AAI seeks foreign investment in airport development

New Delhi: Airport Authority of India on Friday invited investments from Arab countries in the areas of construction, maintenance and consultancy services.
"There are business opportunities in the field of manufacturing, consultancy and training. We plan to develop 35 non-metro airports by March 2010," said ED-Planning of AAI Mr R C Chitkara at India-Arab Investment Projects Conclave.
He said manufacturers of aircraft equipment as well as consultancy services are needed to prepare detailed project report for the proposed greenfield airports. Besides, opportunities also lie in ground handling, MRO facilities, aircraft maintenance and security equipments, he said, adding that capacity needs to be built in the next two years at the Delhi and Mumbai airports.
About 14 countries participating in the conclave include Egypt, Saudi Arabia, Kuwait, UAE, Algeria, Sudan, Lebanon, Libya and Qatar.
The authority also plans to expand the existing capacity and upgrade the airports besides, introducing modern technology at the airports.
18/04/08 PTI/Business Line

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Categories: Airports Apr 2008, Foreign Apr 2008, New Apr 2008