GMR Group to invest Rs 5,000 cr on Bhogapuram Airport, Andhra Pradesh
AVIATION & AIRPORTS

GMR Group to invest Rs 5,000 cr on Bhogapuram Airport, Andhra Pradesh

The GMR Group, which is building an international airport in Bhogapuram near Visakhapatnam, would invest Rs 5,000 crore in the first phase of construction.

GM Rao, chairman of GMR Group, stated at the inaugural session of the Global Investors Conference 2023 in Visakhapatnam that the first phase of the airport will be developed to serve six million people per year. "We want to build Bhogapuram Airport in phases, with the first serving six million people and the final capacity reaching 40 million (per annum). The initial round of investment will be worth Rs 5,000 crore "Rao stated.

The airport will have state-of-the-art cargo facilities that will cater to exports and aerotropolis and airport city around the airport that will consist of an industrial zone, airspace zone and education and healthcare zones, he said.

Rao further said the airport would replicate the success of Hyderabad aerodrome which will help in the transformation of Visakhapatnam city and also place the state on the global map as the most preferred investment destination.

Also Read
Punjab to start 18 more public sand mines
Railways don't need permission to build infrastructure on forest land

The GMR Group, which is building an international airport in Bhogapuram near Visakhapatnam, would invest Rs 5,000 crore in the first phase of construction. GM Rao, chairman of GMR Group, stated at the inaugural session of the Global Investors Conference 2023 in Visakhapatnam that the first phase of the airport will be developed to serve six million people per year. We want to build Bhogapuram Airport in phases, with the first serving six million people and the final capacity reaching 40 million (per annum). The initial round of investment will be worth Rs 5,000 crore Rao stated. The airport will have state-of-the-art cargo facilities that will cater to exports and aerotropolis and airport city around the airport that will consist of an industrial zone, airspace zone and education and healthcare zones, he said. Rao further said the airport would replicate the success of Hyderabad aerodrome which will help in the transformation of Visakhapatnam city and also place the state on the global map as the most preferred investment destination. Also Read Punjab to start 18 more public sand mines Railways don't need permission to build infrastructure on forest land

Next Story
Infrastructure Urban

Indian Army and JCBL to Set Up Vehicle Repair Hub in Leh

The Fire & Fury Corps of the Indian Army has signed a Memorandum of Understanding (MoU) with Airbornics Defence & Space (ADSL), a company under the JCBL Group, to establish a New Generation Vehicle (NGV) Repair Hub and Warehouse within the 14 Corps Zonal Workshop in Leh.This initiative marks a significant step toward enhancing the Army’s logistics and operational readiness by creating a dedicated OEM-backed maintenance and repair ecosystem for next-generation vehicles deployed in the high-altitude region.The MoU signing ceremony took place at Headquarters 14 Corps, Leh, in the presence of Lt..

Next Story
Infrastructure Energy

Hettich Strengthens Industry Ties at Madhya Pradesh Investment Meet

Hettich India, a global leader in furniture fittings, reinforced its commitment to Madhya Pradesh’s industrial growth as a Guest of Honour at an Interactive Session on Investment Opportunities in Power, Renewable Energy Equipment, and White Goods Manufacturing, hosted by the Government of Madhya Pradesh in partnership with the Confederation of Indian Industry (CII) at Hotel Trident, Nariman Point, Mumbai.The session, chaired by Dr Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh, brought together leading domestic and international investors, industry representatives, and business lead..

Next Story
Equipment

SANY India Strengthens Rajasthan Presence with New 4S Dealership in Jaipur

SANY India, a leading manufacturer of construction, mining, road, logistics, and energy equipment, has inaugurated a new 4S dealership (Sales, Service, Spares, Stocking) in Jaipur in partnership with Shree Balajee Infra. This expansion reinforces SANY India’s commitment to delivering world-class products and enhanced after-sales support to customers across Rajasthan.The dealership will serve key regions including Kanakpura, Jaipur, Kekri, Kota, Bayana, Nagor, Alwar, Ajmer, Udaipur, Kelwa, Jalore, Bhilwara, and Chitamba, providing convenient access to SANY’s extensive product range and effi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?