Home » GHIAL Signs first concessionaire for Free Trade Zone (FTZ) at RGIA

GHIAL Signs first concessionaire for Free Trade Zone (FTZ) at RGIA

GHIAL Signs first concessionaire for Free Trade Zone (FTZ) at RGIA

The FTZ is well positioned to develop RGIA as an Integrated Air logistics hub in India

Hyderabad: GMR Hyderabad International Airport Limited (GHIAL) has signed its first client for India’s first airport-based Free Trade Zone (FTZ) at Rajiv Gandhi International Airport (RGIA), Hyderabad.

Ms Turbo Jet Engines (Hyd) Pvt Limited has signed an agreement with GHIAL. As per the agreement, Turbo Jet Engines (Hyd) Pvt Ltd., in technical partnership with an established foreign partner, will set up repair, testing and calibration facilities for various aircraft components such as life rafts, wheels and brakes, oxygen cylinders, fire bottles, actuators, avionics equipment etc.

The operations would also encompass repair and calibration of aircraft parts wherein original equipment manufacturers (OEM) / airlines can send equipment from any part of the world to Turbo’s facility at the FTZ. This facility will derive synergies from the world-class Aircraft MRO set-up located at the airport, besides supporting air cargo stakeholders such as airlines and logistics players, thus creating a multiplier effect and an integrated ecosystem.

Elaborating on the developments, Mr SGK Kishore, CEO-GHIAL, said, "The Free Trade Zone at Rajiv Gandhi International Airport is envisioned to fuel the growth of a strong airport-driven economy and provide compelling value proposition to players across the industry value chain by offering modern and integrated ecosystem that will bring down transportation costs and reduce the turnaround time for movement of goods. The FTZ will also provide facilities for servicing, distribution, trading, warehousing of goods and other value additions."

This development is significant considering that it will complement air cargo growth and boost product diversification at RGIA. It is a part of GHIAL’s Strategy to establish top-class facilities to provide seamless facilitation of goods and services in line with its vision of making RGIA as æThe Logistics Hub of India’

About GHIAL:

GMR Hyderabad International Airport Limited (GHIAL) is a joint venture company promoted by the GMR Group (63%) in partnership with Government of India (13%), Government of Andhra Pradesh (13%) and Malaysia Airports Holdings Berhad (11%). The Company was incorporated to design, finance, build, operate and maintain a world class Greenfield airport at Shamshabad, Hyderabad. Hyderabad airport was commissioned in a record time of 31 months in March 2008, with an initial capacity of 12 million passengers per annum (MPPA) and 150,000 tons of cargo handling capacity per annum. The Project has the flexibility to increase capacity to accommodate over 40 MPPA and shall be developed in a phased manner.

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