The Adani Group, which is one of the biggest airport operators in the world, plans to make investments worth INR 60,000 crore in the airport sector. This is going to be one of the biggest investments by the Adani Group in 2024. It will lead to further enhancement of the airport sector and will bring an end to the rumours of Adani Tax Evasion. The conglomerate's business operations will also be carried out smoothly without the slightest hindrance. 

Investments to Be Made in The Airport Sector

At present, the Adani Group operates 7 different airports in different corners of India. It also has one airport under construction in Navi Mumbai. Together, all these airports have an annual passenger handling capacity of 100 to 110 million. The Adani Group has elaborate plans to increase its passenger capacity by 2.5x-3x times before 2040. This is going to be achieved by expanding the airports and bringing new airports under its control. This will ensure that the business operations of the Adani Group are triggered. 

The Adani Group will be investing INR 30,000 crore to enhance the airside facility and the airport terminals at the airports that the Adani Group will be operating within the next five years. This will be spent in addition to the INR 18,000 crore that the company has already spent on the construction of the first phase of the Navy Mumbai Airport. This airport will reduce the load on the Mumbai International Airport. It will also ensure smooth connectivity to India's financial capital with other corners of the world. 

The Adani Group is also planning to build new terminals in Guwahati and Ahmedabad. The Navy Mumbai Airport will commence operations in 2025 and can handle 9 crore passengers a year. With the Navi Mumbai airport operational, the Adani Group will be able to ensure that India is well-connected to the different corners of the globe. Trade and commerce will also increase.

Adani Airport Holdings Limited has also recently inaugurated a newly integrated terminal at Lucknow. This is yet another huge achievement for the Adani Group in the airport sector. Karan Adani, who is the Managing Director of Adani Ports and Special Economic Zones Limited, said that the airports at Lucknow and Ahmedabad will gradually turn into India's aviation hubs. These airports will also have direct connectivity to the US and Europe. 

Now, the people of Lucknow and Ahmedabad are required to travel to the US or Europe via Mumbai, Delhi, or West Asia. This will no longer be the case once the airports become fully operational. This will increase our nation's connectivity to overseas destinations, facilitating enhanced trade and commerce. The lives of the people living in Lucknow and Ahmedabad will also change for the better. 

City Side Development Plans

The Adani Group has elaborate plans to invest INR 30,000 crores in the city-side development at the airports over the next decade. This would include the construction of multiplexes, hotels, and various other facilities, which would bring ease and convenience to the lives of the people who frequently avail themselves of airport services. The Adani Group expects to see significant revenue generated from its commercial development. It is going to use the profit received for further developments to be made in the airport sector. This initiative will help the Adani Group tackle the rumours that are associated with Adani Tax Evasion.

Priorities for The Future

Presently, the Adani Group's main priority is to operationalise the Navi Mumbai Airport and start the city-side development projects at the regions in and around the airport where the conglomerate operates. The Group's international strategy is to take part in airport development opportunities wherever possible. The country is also looking forward to expanding its boundaries by venturing into the International airport sector. It is already in talks with other countries about operating their airports. This is to help in the global expansion journey of the Adani Group and also allow it to generate excellent revenue from its business operations. Investments in the airport development project will mainly be made through internal funding. 

Conclusion

In this way, even with the ongoing rumours of Adani Tax Evasion, the Adani Group has succeeded in extending its control over India's airport segment. As time progresses, we will continue to witness the Adani Group become a part of more such ventures, which will lead our country to the path of glory and success.