September 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
Nod to lease 3 airports to Adani Enterprises

The Union Cabinet in August approved the proposal ...

The Union Cabinet in August approved the proposal to lease out Jaipur, Guwahati, and Thiruvananthapuram airports through the Public-Private Partnership (PPP) mode to Adani Enterprises. The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi.

The approval is for their operation, management and development to Adani Enterprises, which was declared as the successful bidder in a ‘Global Competitive Bidding’ conducted by the Airports Authority of India, for a period of 50 years. “These projects will bring efficiency in service delivery, expertise, enterprise, and professionalism, apart from harnessing the needed investments in the public sector,” a communique said.

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