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SATS to invest Rs 100 cr

Our Bureau

Bangalore, Jan. 20

Singapore Airport Terminal Services (SATS), the subsidiary of Singapore Airlines, is getting into all possible footprints in India, from ground and cargo handling to flight catering services, all of which could see an investment of around Rs 100 crore in the short term, according to its top officials. SATS, through its 50:50 venture with Air India, is investing Rs 40 crore in the cargo facility at the new Bangalore International airport at Devanahalli. The facility will be completed in about a year, well in time for the April 2008 launch of the airport, according to Mr Karamjit Singh, COO, SATS. Air India-SATS has bagged one of the two cargo awards at the upcoming Bangalore airport as well as one of the two ground handling contracts there.

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