GMR Group to invest 50,000mn in Bhogapuram Airport
AVIATION & AIRPORTS

GMR Group to invest 50,000mn in Bhogapuram Airport

The first phase of construction for the international airport being built by the GMR Group in Bhogapuram, close to Visakhapatnam, will cost $50,000 million.

The first phase of the airport will be created to serve six million people annually, GMR Group Chairman GM Rao said at the opening session of the Global Investors Conference 2023 in Visakhapatnam. "The Bhogapuram Airport will be constructed in stages, with the first serving six million passengers and the last having a capacity of forty million (per annum). The initial funding round will cost $50 million "Rao declared.

According to him, the airport will include cutting-edge cargo facilities that will handle exports as well as an aerotropolis and airport city surrounding it that would include an industrial zone, an airspace zone, and zones for education and healthcare.

Rao added that the airport would emulate the Hyderabad Aerodrome's achievements, aiding in the transformation of Visakhapatnam City and establishing the state as the most sought-after investment destination.

The first phase of construction for the international airport being built by the GMR Group in Bhogapuram, close to Visakhapatnam, will cost $50,000 million. The first phase of the airport will be created to serve six million people annually, GMR Group Chairman GM Rao said at the opening session of the Global Investors Conference 2023 in Visakhapatnam. The Bhogapuram Airport will be constructed in stages, with the first serving six million passengers and the last having a capacity of forty million (per annum). The initial funding round will cost $50 million Rao declared. According to him, the airport will include cutting-edge cargo facilities that will handle exports as well as an aerotropolis and airport city surrounding it that would include an industrial zone, an airspace zone, and zones for education and healthcare. Rao added that the airport would emulate the Hyderabad Aerodrome's achievements, aiding in the transformation of Visakhapatnam City and establishing the state as the most sought-after investment destination.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code