Mumbai: Nine months after talks broke off between GVK Infrastructure and Singapore-based Changi Airports International (CIA) for a minority stake in the Indian company's airport business, both are back at the negotiating table.
Buttressed by the turnaround in the macro policy environment and regulatory clarity in airport tariff regimes, the talks were revived last December and have progressed since, said multiple sources aware of the development. The development - coming close on the heels of the ongoing Jet Airways-Etihad discussions - highlights the renewed interest of global aviation and airport development companies in India as an investment destination.
05/02/13 Manisha Singhal, Arijit Barman & Sabarinath M/Times of India
