AISATS (Air India SATS Airport Services) will invest Rs 44.58 bn in Noida International Airport after signing a memorandum of understanding during Uttar Pradesh chief minister Yogi Adityanath's visit to Singapore. The agreement formalises the company's commitment to finance and participate in airport projects at the Noida facility. The investment amount converts from an announced figure of Rs 4,458 crore to Rs 44.58 bn under standard conversion.

The memorandum covers cooperation on infrastructure development and service operations at the airport, with AISATS expected to engage in terminal services, cargo handling and ground operations as part of the project framework. The parties intend to leverage AISATS's experience in airport services and management to enhance passenger experience and operational efficiency. Further details on the distribution of funds and specific project components were not disclosed at the time of signing.

The signing took place on the sidelines of the chief minister's Singapore visit, which included meetings with several investment groups to attract capital to Uttar Pradesh. State officials conveyed that the accord aligns with broader plans to strengthen connectivity and bolster regional economic activity. Observers noted the move as a reinforcement of the state government's strategy to mobilise private investment for infrastructure expansion.

Next steps will involve obtaining regulatory clearances, finalising project timelines and coordinating with local authorities to implement the work programmes. Stakeholders signalled an intention to move towards detailed planning and consultations, with progress to be monitored by both the company and state agencies. The partnership is expected to form part of a wider effort to develop airport capacity in the region.

Officials indicated that the investment is likely to accelerate ancillary development around the airport and may attract further private partners to support services and logistics. The final agreement will specify phasing and monitoring arrangements. Timelines are expected to be announced after regulatory approvals.