On acquistion of MIAL, Gautam Adani: A transformational platform that will help shape and create strategic adjacencies for our other B2B businesses

The addition of the Mumbai International Airport (MIAL) and the Navi Mumbai International Airport to the portfolio of Adani Airports Holdings Ltd. will provide “a transformational platform that will help shape and create strategic adjacencies for our other B2B businesses,” Gautam Adani, Chairman, Adani group, said in a press statement. “This acquisition helps us redesign the way we will serve our customer base and bridge our B2C and B2B business models.”

The addition of the Mumbai International Airport (MIAL) and the Navi Mumbai International Airport to the portfolio of Adani Airports Holdings Ltd. will provide “a transformational platform that will help shape and create strategic adjacencies for our other B2B businesses,” Gautam Adani, Chairman, Adani group, said in a press statement. “This acquisition helps us redesign the way we will serve our customer base and bridge our B2C and B2B business models.”

Gautam Adani said Mumbai airport is expected to be the nation’s leading airport as well as a core domestic and international hub as passenger traffic five-fold and India builds 200 additional airports to handle over 1 billion domestic and international passengers across the Tier 1, 2 and 3 cities, majority of which will connect to Mumbai.

“Over this period, India’s top 30 cities are expected to each require two airports and Adani Airports sees itself well-positioned to help build the infrastructure platform required,” the Chairman, Gautam Adani said.

Airports are the “nucleus around which we can catalyse real-estate and entertainment facilities, e-commerce and logistics capabilities, time-sensitive industrial ecosystems, aviation-linked business and put in place other innovative business concepts – many of which will be enabled as a result of the mainstreaming of digitisation across every aspect of business and our daily lives,” he said.

“In fact, we live in a world where airports have increasingly come to define the character of a city and become a critical factor for the choice of a business location, tourism, urban economic growth and global economic integration. Our view is that the economic value that the cities of the future create will be maximised around airports.”

On Monday, the group said it has acquired the debt of GVK Airport Developers Ltd, against a 50.5% stake in airport Ltd that has been pledged. Read here.

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