+
State Government to Reclaim Control of Five Airports from RADPL
AVIATION & AIRPORTS

State Government to Reclaim Control of Five Airports from RADPL

"The state government, as announced by Deputy Chief Minister Devendra Fadnavis in the Assembly, is set to reclaim control of five airports—Baramati, Nanded, Latur, Yavatmal, and Osmanabad—from Reliance Airport Developers Private Limited (RADPL). RADPL, a subsidiary of Reliance Infrastructure led by Anil Ambani, was initially awarded the airports for a 30-year period in 2009 with the responsibility to develop and operate them. However, presently, all five airports are non-functional.

According to Fadnavis, RADPL has neglected airport maintenance and has not met its statutory obligations, leading to the closure of Nanded airport. To resolve this issue, the government will engage with the advocate general to address the legal aspects of reclaiming possession of these airports. Additionally, the state government will clear all dues for the five airports and seek reimbursement from the firm.

The topic of regional connectivity was raised during the discussion, with Senior Congress leader Ashok Chavan highlighting that out of the state's 32 airports and airstrips, only 11 are operational, impacting regional connectivity plans. He also pointed out the challenges posed by limited slots at Mumbai airport for flights to major cities, hindering intra-state travel.

Responding to these concerns, Fadnavis assured that efforts will be made to secure more slots at Mumbai airport for major cities through high-level meetings with Mumbai International Airport Limited (MIAL) officials.

Acknowledging the need for a centralized agency to oversee airport development, Fadnavis declared that such an agency will be established soon. Until now, the five airports under RADPL were under the Maharashtra Industrial Development Corporation (MIDC), while the rest were managed by the Maharashtra Airport Development Corporation (MADC).

Fadnavis also shared the government's plan to construct one helipad in each taluka (tehsil) and has formed a committee to assess the technical feasibility of suitable locations. The committee will visit all talukas to ensure sufficient space for helicopter take-offs."

See also:
Fairfax India boosts stake in BIAL, Bengaluru airport
Karnataka government to control and run new minor airports

The state government, as announced by Deputy Chief Minister Devendra Fadnavis in the Assembly, is set to reclaim control of five airports—Baramati, Nanded, Latur, Yavatmal, and Osmanabad—from Reliance Airport Developers Private Limited (RADPL). RADPL, a subsidiary of Reliance Infrastructure led by Anil Ambani, was initially awarded the airports for a 30-year period in 2009 with the responsibility to develop and operate them. However, presently, all five airports are non-functional. According to Fadnavis, RADPL has neglected airport maintenance and has not met its statutory obligations, leading to the closure of Nanded airport. To resolve this issue, the government will engage with the advocate general to address the legal aspects of reclaiming possession of these airports. Additionally, the state government will clear all dues for the five airports and seek reimbursement from the firm. The topic of regional connectivity was raised during the discussion, with Senior Congress leader Ashok Chavan highlighting that out of the state's 32 airports and airstrips, only 11 are operational, impacting regional connectivity plans. He also pointed out the challenges posed by limited slots at Mumbai airport for flights to major cities, hindering intra-state travel. Responding to these concerns, Fadnavis assured that efforts will be made to secure more slots at Mumbai airport for major cities through high-level meetings with Mumbai International Airport Limited (MIAL) officials. Acknowledging the need for a centralized agency to oversee airport development, Fadnavis declared that such an agency will be established soon. Until now, the five airports under RADPL were under the Maharashtra Industrial Development Corporation (MIDC), while the rest were managed by the Maharashtra Airport Development Corporation (MADC). Fadnavis also shared the government's plan to construct one helipad in each taluka (tehsil) and has formed a committee to assess the technical feasibility of suitable locations. The committee will visit all talukas to ensure sufficient space for helicopter take-offs. See also: Fairfax India boosts stake in BIAL, Bengaluru airport Karnataka government to control and run new minor airports

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Next Story
Infrastructure Energy

SC Allows State Tax on Mines, Minerals

Opposition leaders have welcomed the Supreme Court's recent decision permitting states to levy taxes on mines and mineral-bearing lands, as reported. The ruling is seen as a significant victory for state governments seeking greater control and revenue from natural resource extraction within their jurisdictions. The Supreme Court?s decision empowers states to impose taxes on mining operations and mineral-rich lands, which could enhance their revenue streams and enable better management of local resources. This move is particularly important for states with substantial mineral resources, as it a..

Talk to us?