Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
The GMR Group has secured the Andhra Pradesh Cabinet approval for developing the greenfield Bhogapuram International Airport about 35 km from Visakhapatnam.
The State Cabinet, chaired by Chief Minister YS Jagan Mohan Reddy, approved the development of the Bhogapuram airport, which was earlier cleared for development under the public-private-partnership (PPP) mode.
In February 2019, the diversified infrastructure company GMR had become the successful bidder outbidding GVK and Doit offers. The process was based on revenue share model and the project cost was then pegged at ₹2,700 crore, to be completed in 36 months.
To be developed in phases, the total project cost was estimated at ₹4,208 core and of this ₹2,700 crore was to be invested in phase-I.
GMR will now be allocated 2,200 acres, as against 2,703 acres, which was approved to be allotted earlier. The remaining land parcels will be developed by the State.
Though the airport project was to be taken up during the previous regime, not much progress could be made apart from approving the contract to GMR in February 2019.
Now, with the Jagan Mohan Reddy Government deciding to make Vizag one of the three capital cities in the State, the new airport project is likely to be expedited.
Efforts are also on to work towards paving way for developing a metro line link to the airport.
Significantly, in the first tenders invited by the previous Chandrababu Naidu regime, the Airports Authority of India had pipped private developers, including GMR.
However, the State Government then invited fresh tenders adding additional facilities during the airport development, including a maintenance, repair and overhaul (MRO) facility. And GMR won the mandate outbidding others.
After assuming office, the YS Jagan Government cancelled several contracts awarded by the Naidu regime and decided to invite fresh tenders for projects. Significantly, this is the only major project which the new government has given the go ahead and now provided Cabinet nod.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
This Women’s Day, we discuss the features of a few financial products that aim to help you save, get insured ...
Sensex, Nifty 50 make a strong bounce-back, but test resistances
Avenue Supermarts (₹3,286.1): Makes fresh all-time highIn October last year, the stock of Avenue Supermarts ...
The exchange-traded fund ticks all boxes as an efficient tool to track gold prices
Muriel has put our names down on a list to get the Covid-19 vaccination because — hurrah! — the age limit has ...
They are the health warriors who battled the Covid-19 pandemic on the ground, and are now the face of the ...
Uzbekistan’s grandest city dazzles tourists with its history, architecture and food
It’s the birth anniversary of Michelangelo di Lodovico Buonarroti Simoni, one of the great artists and ...
Comfort, convenience, value, safety — and not necessarily the colour pink — but do brands deliver?
Why and how marketers have used camels, and left us thirsting for more
Start-up SALT wants to break feminine stereotypes around money, and is asking women to reassert agency
It’s that time of year again when brands suddenly start paying obeisance to women power. From sentimental to ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor