+
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.

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.

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