From The Economic Times · Arindam Majumder · · 40s
Government to Pitch 11 Airports for Global Investors
India's government plans to bundle 11 airports into five groups for global investors ahead of December bidding.
In brief
India's government plans to bundle 11 airports into five groups for global investors ahead of December bidding. India will sell 11 airports in five groups to global investors by December for 50-year leases. Originally reported by The Economic Times.
Government Roadshows
India's government will hold international roadshows to attract global investors for airport privatisation.
“Since this is the first time airports are being offered as a bundle rather than an individual asset, roadshows will be held across the world to explain the modality to prospective bidders and get their feedback”
11 Airports Bundled
The Airports Authority of India will pair smaller airports with larger ones into five groups under 50-year leases.
“Varanasi airport will be clubbed with Gaya and Kushinagar, Amritsar will be clubbed with Kangra, Bhubaneswar with Hubballi, Raipur with Aurangabad and Tiruchirappalli with Tirupati.”
Bidding Timeline
Bidding for 11 airports starts December with finalisation by end of FY27.
“Bidding for 11 airports is set to begin by December, with the goal of finalising deals by the end of FY27.”
Investor Groups
New investors including sovereign wealth funds and JSW Group may join current operators like GMR and Adani.
“In addition to sovereign wealth funds in West Asia, major Indian corporate houses like the JSW Group are looking to acquire airports.”
At a glance
India will sell 11 airports in five groups to global investors by December for 50-year leases.
