Adani Airports Investment: Adani Group’s Big Leap; In the next 5 years, the investment in the airport sector will be as much as “so” lakhs of crores

• Adani Group will invest heavily in the airport sector
• 1 lakh crore investment in airport business
• Adani Group owns 74 percent share in the development of NMIAL

Adani Airports Investment: Adani Grouphas prepared to take a big leap in the airport sector. Adani Group plans to invest Rs 1 lakh crore in its airport business over the next five years. 1 lakh crore will be invested in the airport sector in the next five years, Jeet Adani, director of Adani Airports and younger son of tycoon Gautam Adani, said in an interview to a news agency on December 25 ahead of the commencement of commercial operations at the Navi Mumbai International Airport.

Navi Mumbai International Airport is the latest addition to the Adani Group’s growing airport sector, further strengthening its presence in India’s aviation infrastructure. The Adani Group owns 74 per cent stake in the airport, which is being developed by Navi Mumbai International Airport Limited (NMIAL). Business operations will start from December 25. Adani Group acquired Mumbai Airport from GVK Group.

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Apart from the two airports in Mumbai, Adani Group operates six other airports in Ahmedabad, Lucknow, Guwahati, Thiruvananthapuram, Jaipur and Mangalore. The group also plans to aggressively bid for the next round of airport privatisation. Jeet Adani said that as a firm believer and optimistic investor in the industry, we will take a fully aggressive approach while bidding for all 11 airports in the next round, investments in Maintenance, Repair and Operations (MRO) and Flight Simulation Training Centers (FSTC), adding that it is too early to say anything as we are still in the process of finalizing the long-term strategy.

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Only then we will decide the specific figure. However, he added, “Ultimately, we are fully invested in this and we want to continuously enhance our skills and capabilities.” Jeet Adani said India’s aviation sector (which includes airports and airlines) can maintain a growth rate of 15-16 percent for the next decade or more. Pointing out that per capita air travel rates are lower than China’s, he said that even if we reach China’s level, it means the entire region will have to grow multiple times over cities.