GMR entered the Maldives after realising the lack of potential in India for large airport projects. The relatively new global infrastructure is reportedly not insured against political risk—only to find itself stranded after a government change in that country.Pro China sentiments along with commercial disputes used by some extremists and political parties in Maldives have provoked anti-India sentiments which resulted in GMR’s Male airport confl ict.
Tag: Airport
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GMR says bad times are over for its airport biz
In this fiscal, GMR Infrastructure is hopeful of registering decent growth in its airport vertical. The company which operates in three business segments including power, roads and airport incurred a loss of Rs 179 crore in the September quarter, up around four fold, YoY due to poor show from its power and airport segments.
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AAI commissions ILS in Agra airport
Recently, the Instrumental Landing System (ILS) was commissioned in Agra airport enabling it to provide horizontal and vertical guidance to landing and taking off aircra
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AAI to inaugurate new terminal by Dec
Airports Authority of India (AAI) would inaugurate the new domestic terminal at the Biju Patnaik airport in Bhubaneswar by December end, said Sharad Kumar, director AAI-Bhubaneswar
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Centre plans to develop Jhansi Airport
In order to promote tourism and thus the economic and social development of Bundelkhand, union government plans to develop Jhansi airport for civil oper
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New airport in Jharkhand
Arjun Munda, Chief Minister of Jharkhand laid the foundation stone for construction of an international airport at Deoghar. The airport will be developed in two years in phases.
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Elevated rail corridor
The Maharashtra government has asked the Railways to formulate a plan for an elevated corridor on the Harbour line, connecting south Mumbai to the upcoming international airÂport in Navi Mumbai.
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We are focused on improving city-side access to airport
Delhi's T3 has revolutionised the airport experience for Indian travellers and built a formidable reputation in just one year.
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We are focused on improving city-side access to airport
Delhi's T3 has revolutionised the airport experience for Indian travellers and built a formidable reputation in just one year.
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Tap small saving options to finance infrastructure
Globally, Royal Bank of Scotland's focus is to raise capital from public and private markets and selectively do asset equipment and shipping finance.