Business

No Proposal to Privatize Airports

No Proposal to Privatize Airports

No Proposal to Privatize Airports

Presently, there is no proposal to privatize airports in the country. However, based on the recommendations of Task Force on Financing Plan for Airports during 12th Five Year Plan period, set up by erstwhile Planning Commission, Government of India has initiated the process for undertaking operation, management and development of Chennai, Kolkata, Ahmedabad and Jaipur airports through Public Private Partnership (PPP). Airports Authority of India (AAI) has issued Request for Qualification documents on December 30, last year. The Government has asked AAI management to evolve a mechanism for protection of the interests of the employees deployed at the above four airports.

In order to improve efficiency and transparency, the Ministry of Civil Aviation has framed a draft Civil Aviation Policy which provides, inter-alia, listing of AAI and Pawan Hans Helicopter Ltd. in the Stock Exchanges.

This information was given by Minister of State for Civil Aviation, Dr. Mahesh Sharma in a written reply in Lok Sabha today.

More in Business