UP Government Signs Rs 44.58 bn MoU With AISATS for Jewar
ECONOMY & POLICY

UP Government Signs Rs 44.58 bn MoU With AISATS for Jewar

The Uttar Pradesh government signed a memorandum of understanding with AISATS for an investment of Rs 44.58 billion (bn) in two major aviation service projects at Noida International Airport in Jewar. The agreement was signed during the chief minister's visit to Singapore as part of efforts to attract global capital to the state. Officials described the pact as a significant investment outcome of the visit.

The company will develop an advanced cargo campus and a world-class air catering kitchen at the airport in Gautam Buddh Nagar district. The integrated cargo campus is designed to position Jewar as a major air freight and logistics hub for north India. The catering facility will serve in-flight meal requirements for flights operating from Jewar and for other airports across northern India.

Officials said the cargo campus will facilitate export and import activities across sectors such as electronics, pharmaceuticals and agricultural products. The facility will make use of the airport's planned multi-modal connectivity to strengthen international trade linkages. The project is expected to support logistics operators and cold chain providers serving manufacturers and exporters in the region.

The air catering unit is expected to boost the regional food processing and supply chain ecosystem by creating demand for local suppliers and processors. Authorities indicated that both projects will generate significant direct and indirect employment opportunities during construction and operations. The facilities are being planned to meet regulatory and quality standards for aviation services.

Officials said the agreement represents a major step forward for the aviation, logistics and services sectors in the state. They added that the projects would contribute to enhancing north India's economic landscape once the airport becomes operational. The state government will continue to promote infrastructure projects to attract further investment.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Uttar Pradesh government signed a memorandum of understanding with AISATS for an investment of Rs 44.58 billion (bn) in two major aviation service projects at Noida International Airport in Jewar. The agreement was signed during the chief minister's visit to Singapore as part of efforts to attract global capital to the state. Officials described the pact as a significant investment outcome of the visit. The company will develop an advanced cargo campus and a world-class air catering kitchen at the airport in Gautam Buddh Nagar district. The integrated cargo campus is designed to position Jewar as a major air freight and logistics hub for north India. The catering facility will serve in-flight meal requirements for flights operating from Jewar and for other airports across northern India. Officials said the cargo campus will facilitate export and import activities across sectors such as electronics, pharmaceuticals and agricultural products. The facility will make use of the airport's planned multi-modal connectivity to strengthen international trade linkages. The project is expected to support logistics operators and cold chain providers serving manufacturers and exporters in the region. The air catering unit is expected to boost the regional food processing and supply chain ecosystem by creating demand for local suppliers and processors. Authorities indicated that both projects will generate significant direct and indirect employment opportunities during construction and operations. The facilities are being planned to meet regulatory and quality standards for aviation services. Officials said the agreement represents a major step forward for the aviation, logistics and services sectors in the state. They added that the projects would contribute to enhancing north India's economic landscape once the airport becomes operational. The state government will continue to promote infrastructure projects to attract further investment.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement