Gujarat, June 24(CXO Media): Adani Group plans to invest up to Rs 1 lakh crore in its airport business over the next five years as it prepares to compete for upcoming airport privatization opportunities across India.
Speaking at the inauguration of the new terminal at Mundra Airport in Gujarat, Jeet Adani, Director of Adani Airport Holdings, said the group expects to invest between Rs 90,000 crore and Rs 1 lakh crore across its aviation portfolio. The announcement comes as the government is expected to open bidding for 11 new airports, a move that could reshape the country’s airport infrastructure landscape.
Airport Expansion Plans
Jeet Adani said the company intends to participate aggressively in the bidding process for all 11 airports. He added that while the group has not set a target for the number of airports it wants to secure, it aims to expand its presence in India’s growing aviation sector.
The investment plan covers airport infrastructure, capacity expansion and related aviation projects. Adani Group currently operates several major airports across India and is looking to strengthen its position as air travel demand continues to rise.
Mundra Airport Growth
The company also launched scheduled commercial flight operations from Mundra Airport through Star Air. The new services connect the Kutch region with cities including Mumbai, Goa, Surat, Hindon, Belagavi, Bengaluru, Kolhapur and Nanded.
Jeet Adani said the group expects its airport business to grow three to four times over the next five years, driven by infrastructure investments and increasing passenger traffic across the country.
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