GMR Group actively seeking Greek investments

04 Sep 2023 CW Team

According to a statement from Srinivas Bommidala, Business Chairman for energy and international airports at GMR Group, participated in a business leaders luncheon hosted by the Greek Prime Minister during the visit.

The company revealed, "GMR Group is currently engaged in the development of a greenfield airport in Crete, Greece, in partnership with GEK TERNA. The Group is actively exploring fresh investment opportunities in Greece, as it serves as a crucial entry point to Europe for Indians."

Bommidala highlighted Greece's strong commitment to foreign investors, particularly those from India. He praised the Greek government's proactive stance and unwavering dedication to fostering foreign investments, noting the significant impact of these efforts.

Bommidala expressed the company's enthusiasm for exploring investment prospects in Greece, with a particular focus on Kalamata Airport. He also provided an update on the progress at Heraklion Airport in Crete, indicating that construction had reached approximately 25% completion, in line with the project's schedule. Ongoing activities encompassed the concreting of the terminal building, development of external access roads, and construction of the runway and taxiway.

Additionally, Bommidala commended the joint ambition of India and Greece to double bilateral trade by 2030. He emphasised that enhanced connectivity between the two nations would undoubtedly drive mutual GDP growth and create a multitude of business opportunities.

Also read:
Real estate loans soar, reflecting strong demand
Table Space to expand with Rs 10 billion investment

The GMR Group, the operator of Delhi, Hyderabad, and Mopa airports, announced that it is actively seeking new investment opportunities in Greece. This decision came in light of its ongoing collaboration with GEK TERNA to develop a greenfield airport in Greece. The group's announcement followed the recent visit of Prime Minister Narendra Modi to Greece, which marked the first visit by an Indian Prime Minister to the European nation in 40 years. According to a statement from Srinivas Bommidala, Business Chairman for energy and international airports at GMR Group, participated in a business leaders luncheon hosted by the Greek Prime Minister during the visit. The company revealed, GMR Group is currently engaged in the development of a greenfield airport in Crete, Greece, in partnership with GEK TERNA. The Group is actively exploring fresh investment opportunities in Greece, as it serves as a crucial entry point to Europe for Indians. Bommidala highlighted Greece's strong commitment to foreign investors, particularly those from India. He praised the Greek government's proactive stance and unwavering dedication to fostering foreign investments, noting the significant impact of these efforts. Bommidala expressed the company's enthusiasm for exploring investment prospects in Greece, with a particular focus on Kalamata Airport. He also provided an update on the progress at Heraklion Airport in Crete, indicating that construction had reached approximately 25% completion, in line with the project's schedule. Ongoing activities encompassed the concreting of the terminal building, development of external access roads, and construction of the runway and taxiway. Additionally, Bommidala commended the joint ambition of India and Greece to double bilateral trade by 2030. He emphasised that enhanced connectivity between the two nations would undoubtedly drive mutual GDP growth and create a multitude of business opportunities. Also read: Real estate loans soar, reflecting strong demand Table Space to expand with Rs 10 billion investment

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..