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: IFC
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The waiting game
Should part of the blame in the aviation sector’s restrained growth and financial troubles go to the infrastructure around it? The long drawn-out development of smaller airports may offer real estate potential for private players, who may be eyeing that part of the non-aero revenues.
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Public agencies in cities should participate in low cost housing projects on PPP
How do you make projects in low cost housing, a social necessity, also viable and attractive to large private companies?