Kolkata: Singapore-based Changi Airports International (CAI) has expressed interest to increase its stake in the upcoming airport city project in West Bengal to about 51%.
Changi Airport India, a wholly owned subsidiary of Changi Airports International (CAI), currently owns 26% stake in Bengal Aerotropolis Projects Ltd (BAPL), which is executing the airport city project at Andal in Bardhaman district.
“Changi has expressed their willingness to further increase their stake in the airport project here,” West Bengal fiance minister Amit Mitra said.
West Bengal urban development minister Firhad Hakim recently met Changi officials to discuss the matter.
“They have indicated that they are increasing their investment from 26% to about 51%,” he said.
Earlier, Changi CEO Lim Liang Song understandably had mooted the stake increase proposal during his meeting with West Bengal Industry minister Partha Chatterjee in October.
10/12/12 Probal Basak/Business Standard
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Changi Airport India, a wholly owned subsidiary of Changi Airports International (CAI), currently owns 26% stake in Bengal Aerotropolis Projects Ltd (BAPL), which is executing the airport city project at Andal in Bardhaman district.
“Changi has expressed their willingness to further increase their stake in the airport project here,” West Bengal fiance minister Amit Mitra said.
West Bengal urban development minister Firhad Hakim recently met Changi officials to discuss the matter.
“They have indicated that they are increasing their investment from 26% to about 51%,” he said.
Earlier, Changi CEO Lim Liang Song understandably had mooted the stake increase proposal during his meeting with West Bengal Industry minister Partha Chatterjee in October.
10/12/12 Probal Basak/Business Standard
