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.

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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

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