Adani Airports to Acquire Controlling Interest in Mumbai Airports
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The addition of the Mumbai International Airport and the Navi Mumbai International Airport to Adani’s existing portfolio of 6 airports provides a transformational platform that will help shape and create strategic adjacencies for our other B2B businesses, Gautam Adani, Chairman, Adani Group, said in a media statement. This acquisition helps us redesign the way we will serve our customer base and bridge our B2C and B2B business models, he added.
As our nation progresses towards becoming the world’s third-largest economy, the Adani Group’s ability to serve this growth through a rapid build-out of airport infrastructure can be a significant enabler. We therefore see airports as a powerful engine to drive local economic development as well as act as a critical lever to help converge the tier 1 cities with the tier 2 and tier 3 cities in a hub and spoke model. This hub and spoke model is fundamental to enable a greater equalization of our increasing urban – rural divide as well as take advantage of the cost arbitrage that exists between the different locations to make us more competitive as a nation. This is critical for the creation of net new jobs. Given our deep infrastructure expertise, we are well positioned to help make this happen.