Is government selling airports in India?
The Central government aims to sell its residual stake in four airports as part of the Rs 2.5 lakh crore asset monetisation pipeline. … The Ministry of Civil Aviation will take approvals for divestment of equity stake of the AAI in the joint ventures running Delhi, Mumbai, Bengaluru and Hyderabad airports.
Does India sell airports?
Sale of Airport Authority of India’s (AAI) remaining stake in the four airports as also 13 more airports have been identified for privatisation in 2021-22 fiscal, two people aware of deliberations at Empowered Committee of Secretaries last month said.
Who purchased Indian airport?
Adani Airport Holdings Ltd (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd, has taken over the management control of Mumbai International Airport Limited (MIAL) the GVK Group led consortium that operated the Mumbai airport and controlled the Rs 16,000 crore project to make a second airport in the city.
Who owns most airports in India?
In MIAL, the Adani Group holds 74% stake and 26% is with AAI. The latter has a similar stake in Delhi International Airport, where the GMR Group is the majority shareholder.
Is Privatisation good for India?
Privatization in India is a long-term process, lagging for so many years. It is an important step towards growth and good governance. With the pandemic, more responsibility rests with the government for taking the privatization drive in the right direction and fetching good results also.
How many airports are privatized in India?
For the 13 AAI airports identified for privatisation, the possibility of clubbing of profitable and non-profitable airports will be explored to make more attractive packages, reports said.