Sats joint venture to build multi-modal cargo hub at India’s Noida International Airport
Chelsea Ong
GROUND handler and inflight caterer Sats’ joint venture with Air India will design, build, finance and operate a five-tier integrated multi-modal cargo hub at the upcoming Noida International Airport.
The company announced that Air India Sats Airport Services (Aisats) was selected by Yamuna International Airport to build the hub at the upcoming airport in Uttar Pradesh, India on Monday (Feb 13) .
Terms of a concession agreement are expected to be finalised in the coming weeks, although Sats said there is no certainty such an agreement will be signed.
The group said the cargo hub is the first of its kind in India and will be built across 87 acres (36 ha) of land.
It will comprise an integrated cargo terminal with a concession of 20 years, and an integrated warehousing and logistics zone with a concession of 37 years.
The hub will include integrated facilities with airside access for items such as general cargo, temperature-controlled goods and express courier shipments. Trucking facilities to support road-to-road, road-to-air, and air-to-road movements will also be provided.
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Sats noted that the hub is an integrated, multi-modal infrastructure, and can “facilitate seamless and best-in-class cargo experience for all stakeholders, and enhance the efficiency of the region’s supply chain”.
Sanjay Gupta, chief executive of Aisats, said that its multi-modal connectivity caters to a large catchment area with a huge growth. “We are certain that this multi-modal cargo hub will truly become the gateway to North India.”
“India is an important market in Sats’ twin-engine growth strategy, and our partner in India, the Tata Group, has a significant presence in Uttar Pradesh in various businesses,” added Bob Chi, chief executive of Sats Gateway Services.
Noida International Airport, when completed at the end of 2024, will be the second major international airport in the National Capital Region – a planning region in India including Delhi and several districts surrounding it.
Shares of Sats closed at S$3.03, down 0.3 per cent or S$0.01 on Friday.
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