Considering that the footfalls at Indian airports escalat
ed by an unbelievable 42% during the last fiscal, airports modernization and development becomes just as important. Well, that’s the truth as far as infrastructure giants like GMR & DLF would want to believe. With both players eyeing the upcoming Greater Noida Airport development project, there is no doubt that international airport authorities like Fraport, South Africa Airports Authority, Chicago Airports et al will too be all ears about the development in the aviation sector of the world’s second fastest growing economy! The fact that the project falls within 150 km of New Delhi IGI Airport would also automatically grant an upper hand to the GMR Group due to rights which it has to due to the ‘vicinity’ factor. With a grand estimated cost to government coffers of a colossal Rs.35.1 billion, there is no questioning the fact that GMR will be keeping its fingers crossed, hoping to repeat its feat of having thrashed Fraport and several other competitors to win the airport development rights for Sabiha Gokcen International Airport (SGA, Istanbul) in July 2007. As far as Indian aviation is concerned, with improvements in the aviation sector health (largely through the consolidation pill) coupled up with many domestic players understanding the danger of being hooked to heavy and illogical investments in aircraft purchases, lot of good thing seems to be happening to the sector.
For Complete IIPM Article, Click on IIPM Article
ed by an unbelievable 42% during the last fiscal, airports modernization and development becomes just as important. Well, that’s the truth as far as infrastructure giants like GMR & DLF would want to believe. With both players eyeing the upcoming Greater Noida Airport development project, there is no doubt that international airport authorities like Fraport, South Africa Airports Authority, Chicago Airports et al will too be all ears about the development in the aviation sector of the world’s second fastest growing economy! The fact that the project falls within 150 km of New Delhi IGI Airport would also automatically grant an upper hand to the GMR Group due to rights which it has to due to the ‘vicinity’ factor. With a grand estimated cost to government coffers of a colossal Rs.35.1 billion, there is no questioning the fact that GMR will be keeping its fingers crossed, hoping to repeat its feat of having thrashed Fraport and several other competitors to win the airport development rights for Sabiha Gokcen International Airport (SGA, Istanbul) in July 2007. As far as Indian aviation is concerned, with improvements in the aviation sector health (largely through the consolidation pill) coupled up with many domestic players understanding the danger of being hooked to heavy and illogical investments in aircraft purchases, lot of good thing seems to be happening to the sector.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read More:-
The Sunday Indian - Greatest News weekly
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Maya jaal spreads far & wide!
Another hogwash!
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While the mayhem continues!
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The art of splitting hair?
POTA? Funny!
The army’s fallen behind China
The Man of Steel gets his hands in Oil
HLL ‘Lever’ ages the power of Hindustan
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