Mumbai: Despite being partners in two start-up airline ventures, the Tatas have shown interest in investing in airport projects as well. Two unlisted companies of the Group, Tata Realty & Infrastructure Ltd. and Tata Projects, among 20 companies, have responded to the request for proposal (RFP) floated by City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO).
Tata Realty & Infrastructure has reportedly initiated talks with Ferrovial SA of Spain, another company that has responded to the RFP, to jointly bid for the development of the Navi Mumbai airport.
Tata Reality Managing Director and CEO Sanjay Ubale has reportedly confirmed the company’s intention to partner Ferrovial to bid for the airport project as existing rules do not allow airline companies to run airports in India to prevent conflict of interest.
03/05/14 The Hindu
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Tata Realty & Infrastructure has reportedly initiated talks with Ferrovial SA of Spain, another company that has responded to the RFP, to jointly bid for the development of the Navi Mumbai airport.
Tata Reality Managing Director and CEO Sanjay Ubale has reportedly confirmed the company’s intention to partner Ferrovial to bid for the airport project as existing rules do not allow airline companies to run airports in India to prevent conflict of interest.
03/05/14 The Hindu
