+
Adani Group commits investments in Nepal's airports, energy sectors
ECONOMY & POLICY

Adani Group commits investments in Nepal's airports, energy sectors

Nepal's Finance Minister, Ram Sharan Mahat, has announced that the Adani Group is set to invest in various public sectors within Nepal, with a focus on airports and the energy industry. Following a meeting with Gautam Adani, the founder and chairman of the Adani Group, in Gujarat, Mahat revealed that Adani expressed interest in investing in Nepal, particularly in energy and airport management.

During the Vibrant Gujarat Summit, Mahat discussed Adani's commitment to investing in Nepal, specifying projects such as the construction of a new airport near the India-Nepal border and the management takeover of Bhairawaha International Airport and Tribhuwan International Airport. Mahat extended an invitation to Adani to participate in the upcoming Nepal Investment Summit in April, to which Adani has committed to making an effort to attend.

Notably, Adani expressed intentions to expand and operate Tribhuwan International Airport in Kathmandu, assume management of Bhairawaha International Airport, and contribute to the construction of Nijgadh International Airport in Bara, estimated to cost around $6.7 billion. Adani is quoted as saying they are prepared to operate Bhairawaha's international airports and construct the Nijgadh airport.

Additionally, Adani conveyed interest in investing in hydropower projects, specifically the Bheri and Karnali projects in Nepal. A delegation from the Adani Group had previously visited Kathmandu, engaging in discussions with the Director General of Civil Aviation Authority of Nepal (CAAN), Pradip Adhikari, exploring possibilities for investment in Nepal's airport sector.

Given the challenges faced by airports like Pokhara International Airport and Gautam Buddha International Airport, CAAN is considering involving the private sector in the operation of three international airports, including Tribhuvan International Airport, and the construction of Nijgadh International Airport. A global bidding process is being planned by CAAN for leasing out these airports, marking a shift towards a Public-Private Partnership model. Nepal's Minister for Culture, Tourism, and Civil Aviation, Sudan Kirati, emphasised the government's efforts to create a comprehensive package to facilitate the smooth operation of these airports and the construction of the new Nijgadh International Airport.

Nepal's Finance Minister, Ram Sharan Mahat, has announced that the Adani Group is set to invest in various public sectors within Nepal, with a focus on airports and the energy industry. Following a meeting with Gautam Adani, the founder and chairman of the Adani Group, in Gujarat, Mahat revealed that Adani expressed interest in investing in Nepal, particularly in energy and airport management. During the Vibrant Gujarat Summit, Mahat discussed Adani's commitment to investing in Nepal, specifying projects such as the construction of a new airport near the India-Nepal border and the management takeover of Bhairawaha International Airport and Tribhuwan International Airport. Mahat extended an invitation to Adani to participate in the upcoming Nepal Investment Summit in April, to which Adani has committed to making an effort to attend. Notably, Adani expressed intentions to expand and operate Tribhuwan International Airport in Kathmandu, assume management of Bhairawaha International Airport, and contribute to the construction of Nijgadh International Airport in Bara, estimated to cost around $6.7 billion. Adani is quoted as saying they are prepared to operate Bhairawaha's international airports and construct the Nijgadh airport. Additionally, Adani conveyed interest in investing in hydropower projects, specifically the Bheri and Karnali projects in Nepal. A delegation from the Adani Group had previously visited Kathmandu, engaging in discussions with the Director General of Civil Aviation Authority of Nepal (CAAN), Pradip Adhikari, exploring possibilities for investment in Nepal's airport sector. Given the challenges faced by airports like Pokhara International Airport and Gautam Buddha International Airport, CAAN is considering involving the private sector in the operation of three international airports, including Tribhuvan International Airport, and the construction of Nijgadh International Airport. A global bidding process is being planned by CAAN for leasing out these airports, marking a shift towards a Public-Private Partnership model. Nepal's Minister for Culture, Tourism, and Civil Aviation, Sudan Kirati, emphasised the government's efforts to create a comprehensive package to facilitate the smooth operation of these airports and the construction of the new Nijgadh International Airport.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code