Indian airports now turn hot destinations for foreign investors
Global players are beginning to recognize India as a potential aviation hub, analysts and industry executives said on Friday, after Groupe ADP of France announced plans to buy a 49% stake in GMR Airports Ltd (GAL).
Groupe ADP became the second leading international airport operator to enter India in a span of less than three months. Zurich Airport International AG had won the bid to build an international airport at Jewar on the outskirts of Delhi.
On Thursday, Groupe ADP said it plans to pick up 49% in GAL for an equity consideration of ₹10,780 crore, which currently operates the country’s busiest international airport in New Delhi, as well as the one in Hyderabad.
