AISATS signs concessionaire agreement for cargo hub at Noida airport
AVIATION & AIRPORTS

AISATS signs concessionaire agreement for cargo hub at Noida airport

AISATS, a joint venture between Air India and SATS, has joined hands with Yamuna International Airport Pvt Ltd to establish a state-of-the-art multi-modal cargo hub at the forthcoming Noida International Airport. Under the concessionaire agreement, AISATS will undertake the design, construction, financing, and operation of this cargo hub, which is set to occupy 87 acres of land. The primary objective is to provide efficient and seamless intermodal connectivity for cargo transportation to and from manufacturing hubs across India.

The envisioned cargo hub aims to revolutionize India's logistics sector by creating a robust infrastructure for cargo processing and transportation. It is expected to significantly reduce logistics costs, optimize coordination processes, and introduce speed and transparency to the country's supply chain. Through this strategic initiative, AISATS seeks to enhance the efficiency and cost- effectiveness of India's logistics and air cargo sectors.

According to Nipun Aggarwal, Chairman of AISATS, the Noida cargo hub will play a crucial role in offering just-in-time cargo facilities to the northern region of India. He believes that the hub's infrastructure, value-added services, and improved cost efficiency will contribute to the growth and development of the Indian logistics and air cargo sectors.

The cargo hub's strategic location will enable seamless connectivity between various modes of transportation, accompanied by consolidated ancillary and value-added services. This integrated approach aims to establish an efficient route for cargo throughput within India and internationally. AISATS envisions the cargo hub as a comprehensive logistics gateway that will cater to the evolving needs of the air cargo and export sectors.

Bob Chi, CEO of SATS Gateway Services, highlighted India's rapid economic growth and the immense opportunities within the air cargo logistics space. He emphasized that establishing an integrated logistics gateway in Noida through the AISATS joint venture with Air India, a Tata Group company, will position the region as a strategic air cargo and export hub. Chi further noted that this development aligns with SATS' twin-engine growth strategy, expanding their global air cargo hub handling capabilities.

AISATS, a joint venture between Air India and SATS, has joined hands with Yamuna International Airport Pvt Ltd to establish a state-of-the-art multi-modal cargo hub at the forthcoming Noida International Airport. Under the concessionaire agreement, AISATS will undertake the design, construction, financing, and operation of this cargo hub, which is set to occupy 87 acres of land. The primary objective is to provide efficient and seamless intermodal connectivity for cargo transportation to and from manufacturing hubs across India. The envisioned cargo hub aims to revolutionize India's logistics sector by creating a robust infrastructure for cargo processing and transportation. It is expected to significantly reduce logistics costs, optimize coordination processes, and introduce speed and transparency to the country's supply chain. Through this strategic initiative, AISATS seeks to enhance the efficiency and cost- effectiveness of India's logistics and air cargo sectors. According to Nipun Aggarwal, Chairman of AISATS, the Noida cargo hub will play a crucial role in offering just-in-time cargo facilities to the northern region of India. He believes that the hub's infrastructure, value-added services, and improved cost efficiency will contribute to the growth and development of the Indian logistics and air cargo sectors. The cargo hub's strategic location will enable seamless connectivity between various modes of transportation, accompanied by consolidated ancillary and value-added services. This integrated approach aims to establish an efficient route for cargo throughput within India and internationally. AISATS envisions the cargo hub as a comprehensive logistics gateway that will cater to the evolving needs of the air cargo and export sectors. Bob Chi, CEO of SATS Gateway Services, highlighted India's rapid economic growth and the immense opportunities within the air cargo logistics space. He emphasized that establishing an integrated logistics gateway in Noida through the AISATS joint venture with Air India, a Tata Group company, will position the region as a strategic air cargo and export hub. Chi further noted that this development aligns with SATS' twin-engine growth strategy, expanding their global air cargo hub handling capabilities.

Next Story
Infrastructure Urban

Vedanta plans $2 billion investment in Saudi Arabia copper projects

Vedanta announced its plan to invest $2 billion in major copper projects in Saudi Arabia. Vedanta Copper International, a wholly-owned subsidiary of the company, has signed an agreement with Saudi Arabia's Ministry of Investment and Ministry of Industries & Mineral Resources. The agreement outlines the establishment of a greenfield copper smelter and refinery with a capacity of 400 kilo tonnes per annum (KTPA) and a 300 KTPA copper rod project. According to the company, this collaboration aligns with Saudi Arabia's Vision 2030 and aims to invest $2 billion in significant copper projects withi..

Next Story
Infrastructure Transport

Bengaluru approves Rs 6.94-billion plan to repair 390 km of roads

The Urban Development Department (UDD) has approved BBMP’s action plan for repairing 389.7 km of arterial and sub-arterial roads, with an estimated cost of Rs 6.94 billion. The project is scheduled to commence in January 2025 and will involve several components: milling damaged roads, de-silting and re-roofing drains to ensure efficient rainwater flow, installing NP-3 pipes in areas lacking roadside drains, constructing pavements with concrete bases, grating to channel water from roads to drains, and installing and levelling curb stones to delineate road lines and footpaths. To manage fundi..

Next Story
Infrastructure Energy

Rs17.50 bn Tato-I Hydro Project Approved to Boost Arunachal's Power

The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, approved a Rs 17.50 billion investment for the Tato-I Hydro Electric Project (HEP) in Arunachal Pradesh's Shi Yomi district. As per an official release, the project is expected to be completed within 50 months. It will have an installed capacity of 186 MW (3 x 62 MW) and is anticipated to produce 802 Million Units (MU) of energy annually. The generated power is aimed at enhancing the electricity supply in Arunachal Pradesh and contributing to the stabilization of the national grid. The project will be executed th..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000