In-flight caterer SATS eyes Rs 200 crore solo project
MUMBAI/NEW DELHI: In-flight meal caterer and ground handler SATS, owned by the Singapore government through Temasek, is lining up fresh investment in India, upping its play in this part of the world. Significantly, it is routing the investment through its 100% local arm SATS Food Solutions India and not through its existing joint venture, Taj SATS, in which it holds 49% stake. SATS will be investing Rs 200 crore to set up a kitchen in Bengaluru airport which, according to the company, is its “first major investment” in India.
Aside from Taj SATS, where Tata Group holds 51% in the in-flight meal caterer, the Singaporean company has equity interest in ground handler Air India SATS, where it hold equal stakes with the national carrier.
