Eight companies are interested in developing the airports in the Indian cities of Kolkata, Chennai, Ahmedabad and Jaipur, according to a report from The Economic Times. GMR Airports, GVK Group and Adani Ports are reported to be among the companies interested.
The Indian Government issued a request for qualification (RFQ) document in December 2014, outlining the proposed public-private partnership (PPP) model for the development of the airports.
The other companies that have shown an interest are said to be Egis India Consulting Engineers, Flemingo Duty Free Shop, Siemens Postal, Parcel & Airport Logistics, Flughafen Zurich and Bhadra International.
According to the report, a senior civil aviation ministry official said, “All these eight companies are good companies. We have started the process of privatizing these airports and should try to finish it as early as possible, but definitely not by the end of this fiscal year.
“The first phase of privatization has provided us with the best airports, but that has come with an increase in charges. We are conscious that the charges at these airports need to be kept to a minimum even after privatization. Hence, we will decide on a model that will not see a huge rise in charges even after privatization.”
To read more from the report by The Economic Times click here.