Tuesday, September 12, 2017

GMR eyeing airport projects in Asia and Eastern Europe

GMR Group, which operates three airports in India and abroad, is eyeing projects in South East Asia, Middle East and Eastern European countries besides looking for operations and maintenance of Jaipur and Ahmedabad aerodromes.

"Airport business, going forward, can be a significant growth engine for the group. In line with our growth strategy, the Group is actively pursuing suitable airport opportunities in India as well as globally," GMR said in its latest annual report.

"Domestically, the Group is exploring upcoming opportunities for the development of Nagpur Airport and O&M opportunity of Jaipur and Ahmedabad Airports. On the global front, it has pre-qualified for development and operation of Nikola Tesla airport in Belgrade, Serbia, Norman Manley airport in Jamaica.

"Apart from the aforementioned opportunities, the Group is selectively exploring new opportunities in South East Asia, Middle East and Eastern Europe," the company said.
12/09/17 moneycontrol.com