AISATS signs concessionaire agreement for cargo hub at Noida airport
AVIATION & AIRPORTS

AISATS signs concessionaire agreement for cargo hub at Noida airport

AISATS, a joint venture between Air India and SATS, has joined hands with Yamuna International Airport Pvt Ltd to establish a state-of-the-art multi-modal cargo hub at the forthcoming Noida International Airport. Under the concessionaire agreement, AISATS will undertake the design, construction, financing, and operation of this cargo hub, which is set to occupy 87 acres of land. The primary objective is to provide efficient and seamless intermodal connectivity for cargo transportation to and from manufacturing hubs across India.

The envisioned cargo hub aims to revolutionize India's logistics sector by creating a robust infrastructure for cargo processing and transportation. It is expected to significantly reduce logistics costs, optimize coordination processes, and introduce speed and transparency to the country's supply chain. Through this strategic initiative, AISATS seeks to enhance the efficiency and cost- effectiveness of India's logistics and air cargo sectors.

According to Nipun Aggarwal, Chairman of AISATS, the Noida cargo hub will play a crucial role in offering just-in-time cargo facilities to the northern region of India. He believes that the hub's infrastructure, value-added services, and improved cost efficiency will contribute to the growth and development of the Indian logistics and air cargo sectors.

The cargo hub's strategic location will enable seamless connectivity between various modes of transportation, accompanied by consolidated ancillary and value-added services. This integrated approach aims to establish an efficient route for cargo throughput within India and internationally. AISATS envisions the cargo hub as a comprehensive logistics gateway that will cater to the evolving needs of the air cargo and export sectors.

Bob Chi, CEO of SATS Gateway Services, highlighted India's rapid economic growth and the immense opportunities within the air cargo logistics space. He emphasized that establishing an integrated logistics gateway in Noida through the AISATS joint venture with Air India, a Tata Group company, will position the region as a strategic air cargo and export hub. Chi further noted that this development aligns with SATS' twin-engine growth strategy, expanding their global air cargo hub handling capabilities.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

AISATS, a joint venture between Air India and SATS, has joined hands with Yamuna International Airport Pvt Ltd to establish a state-of-the-art multi-modal cargo hub at the forthcoming Noida International Airport. Under the concessionaire agreement, AISATS will undertake the design, construction, financing, and operation of this cargo hub, which is set to occupy 87 acres of land. The primary objective is to provide efficient and seamless intermodal connectivity for cargo transportation to and from manufacturing hubs across India. The envisioned cargo hub aims to revolutionize India's logistics sector by creating a robust infrastructure for cargo processing and transportation. It is expected to significantly reduce logistics costs, optimize coordination processes, and introduce speed and transparency to the country's supply chain. Through this strategic initiative, AISATS seeks to enhance the efficiency and cost- effectiveness of India's logistics and air cargo sectors. According to Nipun Aggarwal, Chairman of AISATS, the Noida cargo hub will play a crucial role in offering just-in-time cargo facilities to the northern region of India. He believes that the hub's infrastructure, value-added services, and improved cost efficiency will contribute to the growth and development of the Indian logistics and air cargo sectors. The cargo hub's strategic location will enable seamless connectivity between various modes of transportation, accompanied by consolidated ancillary and value-added services. This integrated approach aims to establish an efficient route for cargo throughput within India and internationally. AISATS envisions the cargo hub as a comprehensive logistics gateway that will cater to the evolving needs of the air cargo and export sectors. Bob Chi, CEO of SATS Gateway Services, highlighted India's rapid economic growth and the immense opportunities within the air cargo logistics space. He emphasized that establishing an integrated logistics gateway in Noida through the AISATS joint venture with Air India, a Tata Group company, will position the region as a strategic air cargo and export hub. Chi further noted that this development aligns with SATS' twin-engine growth strategy, expanding their global air cargo hub handling capabilities.

Next Story
Infrastructure Urban

India, US to promote sustainable aviation fuel and hydrogen in buses

India and the United States have agreed to promote sustainable aviation fuel (SAF), electrification of medium and heavy-duty vehicles, and the use of hydrogen in buses, tractors, and heavy equipment. This decision came during the Strategic Clean Energy Partnership (SCEP) dialogue between US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington, DC. Both nations also encouraged increased investments in each other's clean energy markets. The joint statement emphasised the importance of a "just, orderly, and sustainable energy trans..

Next Story
Infrastructure Transport

Tuticorin Airport upgradation set for December completion

Tuticorin Airport in Tamil Nadu is undergoing a significant upgrade, with an expected completion date in December 2024. The project, valued at Rs 3.81billion, is being carried out by the Airports Authority of India (AAI) and involves the extension of the runway to accommodate A-321 type aircraft, construction of a new apron, a new terminal building, a technical block with a control tower, and a new fire station. The new terminal building, covering 17,500 square meters, will significantly enhance the airport's capacity, enabling it to serve 1,440 passengers during peak hours and handle up to 2 ..

Next Story
Infrastructure Transport

Airfare hike not tied to increased airport charges; ACI

The Airports Council International (ACI) stated that rising airfares are not linked to increased airport charges. Airport charges are crucial for infrastructure development within the commercial aviation ecosystem, but they remain a minimal part of the overall airfare. Stefano Baronci, Director General of ACI Asia Pacific & Middle East, emphasized that airports are infrastructure-intensive businesses, with costs dominated by maintaining essential infrastructure such as runways, taxiways, aprons, and terminal buildings. He noted that neglecting the capital expenditure needed to support future g..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000