Tatas race for Chennai, Kolkata airport  projects
AVIATION & AIRPORTS

Tatas race for Chennai, Kolkata airport projects

After its recent foray into airlines business with Singapore Airlines and Air Asia, Tata Group is likely to bid for 100 per cent stake in two airport projects- Chennai and Kolkata airports. Analysts say that this airport foray of Tatas will not only help them expand their base further but help it gain market share in the aviation space too. The Union government had allowed privatisation of six airports in August this year. Tata group's interest in this clearly comes at an appropriate time, considering that the Tatas have announced their two airline joint ventures (JVs), one with Air Asia and one with Singapore Airlines recently.

After its recent foray into airlines business with Singapore Airlines and Air Asia, Tata Group is likely to bid for 100 per cent stake in two airport projects- Chennai and Kolkata airports. Analysts say that this airport foray of Tatas will not only help them expand their base further but help it gain market share in the aviation space too. The Union government had allowed privatisation of six airports in August this year. Tata group's interest in this clearly comes at an appropriate time, considering that the Tatas have announced their two airline joint ventures (JVs), one with Air Asia and one with Singapore Airlines recently.

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Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

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Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

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Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

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