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.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->