Business Daily from THE HINDU group of publications
Saturday, Feb 23, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Feb 23, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Outlook Logistics - Infrastructure GMR finalising aerotropolis plan at Hyderabad K.V. Kurmanath Hyderabad, Feb. 22 The GMR group is finalising a plan for developing an aerotropolis around the Rajiv Gandhi International Airport at Shamshabad. “We have received the report from CPG. But we need to make certain changes in the plan,” Mr Rajgopal Swami, Chief Financial Officer and Company Secretary, of GMR Hyderabad International Airport Ltd (GHIAL), told Business Line. GMR holds 63 per cent in the Rs 2,478-crore airport project, which is being developed in a public-private partnership. The group has about 1,000 acres at its disposal at the airport. With a view to developing an aerotropolis there, the company has already formalised a subsidiary company called GMR Hyderabad Aerotropolis Ltd. “We need to incorporate changes keeping in mind the requirements of the airport operations,” Mr Swami said. An aerotropolis is an urban centre, built around an international airport, dotted with businesses, enterprises and facilities . According to Dr John D. Kasarda, an aviation expert from the US, international airports would act as a trigger for intense economic activity in a radius of 20-25 km. The group has similar plans for Delhi International Airport where it planned to develop 250 acres for commercial development. More Stories on : Outlook | Infrastructure | Airlines
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