Logistics

SpiceJet, GHASL sign agreement to develop free trade zone at Hyderabad’s RGI airport

V Rishi Kumar Hyderabad | Updated on March 13, 2020 Published on March 13, 2020

SpiceJet has signed an Agreement to Lease with GMR Hyderabad Aviation SEZ Limited (GHASL), a 100 per cent subsidiary of GMR Hyderabad International Airport Ltd.

Under the partnership, GHASL will construct a facility for SpiceJet to carry out the warehousing, distribution and trading activity within the Free Trade Warehousing Zone of multi-product Special Economic Zone (SEZ), popularly known as GMR Aerospace & Industrial Park.

This facility will be of 33,000 sq ft initially, with potential to expand to one lakh sq ft, based on demand.

Ajay Singh, Chairman & Managing Director, SpiceJet, said, “As we expand SpiceXpress, our cargo arm, SpiceJet is proud to partner with GHASL for this first-of-its-kind initiative by an airline in India which will enhance and facilitate the cargo industry in the country. The Free Trade Zone and the end-to-end service provided by SpiceXpress will greatly boost businesses, saving valuable time for our partner companies.”

GMR Aerospace & Industrial Park is housed in Hyderabad Airport City, India’s first smart, greenfield airport city, propelling the next stage of the evolution of airport cities in India. The park offers ‘ready-to-use’ industrial infrastructure with the flexibility of choosing land within the SEZ for businesses focusing on foreign markets and land in domestic tariff area for businesses catering to the Indian market.

Aman Kapoor, CEO, GMR Airport Land Development, said, “We welcome SpiceJet Limited at GMR Aerospace & Industrial Park. Their presence adds great value to the niche space of Free Trade Warehousing Zone. The pharma, aerospace & defence, electronics, automotive and FMCG client base at Telangana will benefit from the availability of high-quality warehousing catering to the export and import of goods from RGIA.”

SpiceJet recently initiated the ‘Marine Krishi Udaan’ by introducing dedicated freighter flights from Chennai and Vishakhapatnam to Surat and Kolkata to boost India’s shrimp farming. The airline’s cargo services operate on both domestic and international routes, powered by a fully-integrated transportation network including air cargo, ground transportation and warehousing facilities across the country.

Currently, GMR Aerospace and Industrial Park has several global clients, including CFM Aircraft Engine Support South Asia Private Limited, SAFRAN Electrical & Power India Private Limited, United Technologies Corporation India Private Limited, Turbo Aviation, and GMR Aero Technic, among others.

Hyderabad airport city is being developed as a theme-based, anchor-led development consisting of activity centres such as Grade A commercial offices, retail, healthcare, schools & university, leisure & entertainment, logistics & industrial.

Published on March 13, 2020

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.