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Tatas race for Chennai, Kolkata airport  projects
AVIATION & AIRPORTS

Tatas race for Chennai, Kolkata airport projects

After its recent foray into airlines business with Singapore Airlines and Air Asia, Tata Group is likely to bid for 100 per cent stake in two airport projects- Chennai and Kolkata airports. Analysts say that this airport foray of Tatas will not only help them expand their base further but help it gain market share in the aviation space too. The Union government had allowed privatisation of six airports in August this year. Tata group's interest in this clearly comes at an appropriate time, considering that the Tatas have announced their two airline joint ventures (JVs), one with Air Asia and one with Singapore Airlines recently.

After its recent foray into airlines business with Singapore Airlines and Air Asia, Tata Group is likely to bid for 100 per cent stake in two airport projects- Chennai and Kolkata airports. Analysts say that this airport foray of Tatas will not only help them expand their base further but help it gain market share in the aviation space too. The Union government had allowed privatisation of six airports in August this year. Tata group's interest in this clearly comes at an appropriate time, considering that the Tatas have announced their two airline joint ventures (JVs), one with Air Asia and one with Singapore Airlines recently.

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Infrastructure Urban

Mahindra to Build Largest Integrated Auto and Tractor Plant in Maharashtra

Mahindra Group has announced plans to establish its largest integrated manufacturing facility for automobiles and tractors in Nagpur, Maharashtra, as part of a long-term growth strategy unveiled at Advantage Vidarbha. The company has committed an investment of Rs 150 billion (bn) over a ten year period and anticipates that the Nagpur complex will commence production in 2028. The announcement places Vidarbha at the centre of Mahindra's expanded manufacturing footprint. The facility will be developed across an area of 1500 acres in Vidarbha and will be complemented by a one hundred and fifty ac..

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Infrastructure Transport

BEML Approves Rs 15 Billion for BRAHMA Rail Facility Near Bhopal

BEML Limited (BEML) approved an investment of Rs 15 billion (Rs 15 bn) to develop the BRAHMA rail manufacturing facility at Umariya near Bhopal. The board authorised the capital allocation and initiated project planning and land acquisition processes. The approval signals a strategic move by the state-owned engineering company to expand its footprint in rail equipment production in central India. The project is positioned to strengthen domestic rail manufacturing capabilities and to support supply chain resilience for rolling stock and related components. The company framed the investment as ..

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Infrastructure Urban

Pitch Perfect Australia–India Compendium Launched at IIFT

The Indian Institute of Foreign Trade (IIFT) launched the India–Australia Business Case Studies Compendium titled Pitch Perfect Australia–India, presenting practical accounts of cross border commerce and the conditions for a $100 bn partnership. The compendium was developed jointly by the Indian Institute of Foreign Trade and Newland Global Group and documents market entry experiences, growth strategies and lessons from 30 organisations operating in India and Australia. The publication aims to inform policy makers, industry leaders and academics by presenting evidence based business journe..

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