Modi Govt may Privatize 11 Airports by the end of 2025-26
According to Bloomberg, the government may be considering selling six airports that are losing money by the end of the fiscal year 2025–2026 and combining them with others that are making money in order to attract additional investors. According to the source, this is the third round of airport privatization, with a total of 11 airports up for grabs.
India Herald is unable to independently confirm that the data in the report is accurate.
According to the research, over the nine months starting january 25, these 11 airports handled around 13.5 million domestic and 2.4 million foreign passengers, making up almost 10% of all domestic traffic and 4% of all international traffic.
India Herald is unable to independently confirm that the data in the report is accurate.
According to the research, over the nine months starting january 25, these 11 airports handled around 13.5 million domestic and 2.4 million foreign passengers, making up almost 10% of all domestic traffic and 4% of all international traffic.
Which airports may be privatized?
According to the report, two underperforming airports, Kushinagar and Gaya, will be combined with the commercially viable varanasi airport.
The reason for this is that Gaya, the entryway to Bodh Gaya, the site of Buddha's enlightenment, is having difficulty attracting the same volume of tourists as varanasi, which draws millions of pilgrims. In contrast, there hasn't been any passenger travel in Kushinagar since June.
According to the report, the airports in bhubaneswar and amritsar will be combined with hubli and Kangra, while raipur and Tiruchirapalli will be combined with aurangabad and Tirupati, respectively.
The reason for this is that Gaya, the entryway to Bodh Gaya, the site of Buddha's enlightenment, is having difficulty attracting the same volume of tourists as varanasi, which draws millions of pilgrims. In contrast, there hasn't been any passenger travel in Kushinagar since June.
According to the report, the airports in bhubaneswar and amritsar will be combined with hubli and Kangra, while raipur and Tiruchirapalli will be combined with aurangabad and Tirupati, respectively.
As it searches for ways to generate income to close the budget deficit to 4.4% of GDP, prime minister Narendra Modi has set a goal to raise ₹47,000 lakh crore through the sale of public assets in the fiscal year 2025–2026.
It is anticipated that billionaire gautam adani will be one of the leading candidates. According to the article, his group company adani airport Holdings Ltd. is currently the biggest airport operator in India.
The adani Group acquired six airports during the second airport divestment phase, and it also acquired GVK's share.
It is anticipated that billionaire gautam adani will be one of the leading candidates. According to the article, his group company adani airport Holdings Ltd. is currently the biggest airport operator in India.
The adani Group acquired six airports during the second airport divestment phase, and it also acquired GVK's share.
GMR Airports Ltd., which operates the international airport in New delhi as well as a few others, might be another contender. During the initial divestment phase, the delhi airport was included in the group.
According to the newspaper, these airports are currently operated by the state-owned Airports Authority of india (AAI), which will complete the proposal and get government permission in a month.
To guarantee openness in the distribution of profits, the airports will provide the highest revenue per passenger to the bidder who submits the highest bid to AAI.
According to the newspaper, these airports are currently operated by the state-owned Airports Authority of india (AAI), which will complete the proposal and get government permission in a month.
To guarantee openness in the distribution of profits, the airports will provide the highest revenue per passenger to the bidder who submits the highest bid to AAI.