New Delhi: Air India signed an MoU with the National Buildings Construction Corporation Ltd. (NBCC) here today for the monetization of surplus land assets of the national carrier.
The MoU will be a non-binding, non-exclusive agreement and each land asset will be individually evaluated for a particular mode of monetization process.
This MoU is intended to blend together NBCC's huge expertise in successful completion of several prestigious projects and Air India's vast surplus land assets.
Speaking on the occasion, Civil Aviation Minister Ashok Gajapathi Raju Pusapati said team work was the key to success, and together, Air India and NBCC should synergise for the growth of the country.
He also said that outdated regulations held back further progress of the aviation sector.
Urban Development and Parliamentary Affairs Minister M. Venkaiah Naidu, who was also present on the occasion, said development of smart cities was one of the important goals of the present government, and this agreement was a small step in that direction.
04/12/14 Business Standard
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The MoU will be a non-binding, non-exclusive agreement and each land asset will be individually evaluated for a particular mode of monetization process.
This MoU is intended to blend together NBCC's huge expertise in successful completion of several prestigious projects and Air India's vast surplus land assets.
Speaking on the occasion, Civil Aviation Minister Ashok Gajapathi Raju Pusapati said team work was the key to success, and together, Air India and NBCC should synergise for the growth of the country.
He also said that outdated regulations held back further progress of the aviation sector.
Urban Development and Parliamentary Affairs Minister M. Venkaiah Naidu, who was also present on the occasion, said development of smart cities was one of the important goals of the present government, and this agreement was a small step in that direction.
04/12/14 Business Standard
