One of the first major deals to be signed by the Modi 2.0 government is expected to be the airport lease deal with the Adani Group. In February, the Group had emerged the highest bidder for six Airports Authority of India (AAI)-run airports put up for privatisation, namely Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru, Guwahati and Jaipur.
But the actual handing over had to be put on hold since the Cabinet could not ratify the bid in view of the polls, The Hindu Business Line reported. The Election Commission of India's Model Code of Conduct for the Lok Sabha elections came into play less than a fortnight after winning bids were announced. The Code not only prohibits the 'party in power' from gaining an unfair advantage at the time of elections, but also bars political parties from making promises that exert an undue influence on voters.
However, speculation was rife at the time that the real reason for putting the deal on the back burner was that the government did not want to court controversy. But with the NDA now back with a bigger bang, the stage is set for the deal to be completed. This is the Gautam Adani-owned conglomerate's first foray into the airport business.
In November 2018, the Centre had cleared a proposal for carrying out operations, management, upgradation and development of the above-mentioned six airports on a public-private partnership (PPP) basis for 50 years. This is part of an initiative to provide world-class infrastructure and services to stakeholders.
24/05/19 Business Today
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But the actual handing over had to be put on hold since the Cabinet could not ratify the bid in view of the polls, The Hindu Business Line reported. The Election Commission of India's Model Code of Conduct for the Lok Sabha elections came into play less than a fortnight after winning bids were announced. The Code not only prohibits the 'party in power' from gaining an unfair advantage at the time of elections, but also bars political parties from making promises that exert an undue influence on voters.
However, speculation was rife at the time that the real reason for putting the deal on the back burner was that the government did not want to court controversy. But with the NDA now back with a bigger bang, the stage is set for the deal to be completed. This is the Gautam Adani-owned conglomerate's first foray into the airport business.
In November 2018, the Centre had cleared a proposal for carrying out operations, management, upgradation and development of the above-mentioned six airports on a public-private partnership (PPP) basis for 50 years. This is part of an initiative to provide world-class infrastructure and services to stakeholders.
24/05/19 Business Today
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