Adani, GMR, and Fairfax Vie for Puri Airport Development

02 May 2024 CW Team

Three major players in the infrastructure sector, namely Adani, GMR, and Fairfax, are in the preliminary stages of bidding to develop the Puri airport in Odisha. The development comes as part of the government's initiative to boost regional air connectivity and upgrade airport infrastructure across the country. With the bidding process underway, these companies are vying for the opportunity to undertake the development and modernization of Puri airport, catering to the growing demand for air travel in the region.

Adani Group, known for its significant presence in infrastructure projects including airports, ports, and logistics, is among the contenders for the project. GMR Group, a leading infrastructure company with a track record of managing and developing airports, is also in the fray. Fairfax India Holdings Corporation, an investment holding company, adds to the competition, bringing its expertise in infrastructure investments to the table. The development of Puri airport is expected to enhance connectivity to the famous pilgrimage town of Puri, a significant tourist destination in the state of Odisha. Moreover, it is anticipated to stimulate economic growth in the region by attracting more visitors and facilitating smoother transportation of goods and services. As the bidding process progresses, stakeholders await the outcome, eager to witness the transformation of Puri airport into a modern aviation hub.

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