Adani group takes over management control of Mumbai airport
Mumbai, Jul 13: Adani Group on Tuesday said it has taken over the management of Mumbai International airport from the GVK group.
The Group last August had announced that it would acquire GVK Group's stake in Mumbai airport.
Adani Group will have 74 per cent stake in Mumbai's Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction, with 50.5 per cent being bought from GVK Group and 23.5 per cent from minority partners including Airports Company South Africa (ACSA), and Bidvest Group, it had said.
"We are delighted to take over management of the world class Mumbai International Airport. We promise to make Mumbai proud. The Adani Group will build an airport ecosystem of the future for business, leisure and entertainment. We will create thousands of new local jobs, Adani Group chairman Gautam Adani said in a tweet.
Later in a statement, Adani Airport Holdings Ltd (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd, said it has taken over the management control of Mumbai International Airport Limited (MIAL) from the GVK Group following the MIAL Board Meeting earlier in the day.
This follows approvals received from the Central Government, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra, it added.
Our larger objective is to reinvent airports as ecosystems that drive local economic development and act as the nuclei around which we can catalyse aviation-linked businesses. These include metropolitan developments that span entertainment facilities, e-commerce and logistics capabilities, aviation dependent industries, smart city developments, and other innovative business concepts, Adani said in the statement.
"Our airport expansion strategy is intended to help converge our nation's Tier 1 cities with the Tier 2 and Tier 3 cities in a hub and spoke model. This is fundamental to enabling a greater equalization of India's urban rural divide, as well as making international travel seamless and smooth, he said.
"I believe that the economic value that cities create will be maximized around airports and the cities of tomorrow will be built with the airport as the focal point. This is a fundamental lever for modern world development and the rapid build-out of our airport infrastructure will create multiple employment structures that generate thousands of new job opportunities, he added.
Mumbai International Airport is the country's second busiest airport (after Delhi's IGIA) by both passenger and cargo traffic.
With eight airports (in its management and development portfolio), Adani Airport Holdings is now India's largest airport infrastructure company, accounting for 25 per cent airport footfalls, the company said in the statement.
With the addition of MIAL, AAHL will now also control 33 per cent of India's air cargo traffic, it added.
According to the company while the world navigates its way out of an unprecedented crisis, post-pandemic demand for air travel in India and the rest of the world is expected to surge.
The International Air Transport Association (IATA) expects global passenger traffic to recover to 88 per cent of pre-COVID levels by 2022 and exceed pre-COVID levels in 2023, it said.
With India becoming to be the world's third largest aviation market by 2024, the addition of the Mumbai International Airport to the Adani Group's existing portfolio of six airports, and thereafter the operationalization of the greenfield Navi Mumbai International Airport Limited (NMIAL) provides a transformational aviation platform allowing the Adani Group to interlink its B2B and B2C business as well as create several strategic adjacencies for the Group's other B2B businesses, it stated.
AAHL also said it will begin the construction of the Navi Mumbai International Airport next month and complete the financial closure in the next 90 days. This new international airport will be commissioned in 2024.
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Savarkar remarks: Rahul Gandhi appears in Pune court via video link in defamation case, gets bail
Pune, Jan 10: A special court in Pune on Friday granted bail to Congress leader Rahul Gandhi in a defamation case related to his alleged objectionable remarks on Hindutva ideologue V D Savarkar.
The MP/MLA court granted bail to the Leader of Opposition in the Lok Sabha on a surety bond of Rs 25,000 after he appeared before it through video conferencing, his lawyer said.
Senior Congress leader Mohan Joshi stood as surety for Gandhi (54) before the court presided over by Amol Shinde, judicial magistrate (first class) and special judge for MP/MLA cases.
Advocate Milind Pawar, representing Gandhi, said soon after his client appeared before the court, they moved a bail application.
The judge allowed the plea and granted bail to the former Congress president on a surety bond of Rs 25000, he informed.
The advocate said the court also granted permanent exemption to the Lok Sabha MP from Rae Bareli from appearing before it.
The case was filed on a complaint by V D Savarkar's grandnephew Satyaki, who alleged Gandhi had made defamatory remarks against the Hindutva icon at a programme he attended in London in March 2023.
Earlier, advocate Sangram Kolhatkar, representing Satyaki Savarkar, objected to Gandhi's application seeking virtual appearance.
There was no provision that allows an accused to appear in court through video conferencing before securing bail, Kolhatkar argued.
The court, however, permitted Gandhi to attend the proceedings online.
Wearing a bottle green sweater, the Congress MP appeared before the court and stated his name when the judge asked for it.
The matter will be next heard on February 18.
As per the complaint, Gandhi, while speaking at the London event, stated that Savarkar had written in a book that he and five to six of his friends once beat up a Muslim man and he (Savarkar) felt happy.
According to the complaint, the freedom fighter had not written this anywhere and the Congress leader's remarks were aimed at defaming him.
At the time, the court had asked the Pune police to investigate the allegations and file a report.
The Vishrambaug police, after an inquiry, submitted that there was prima facie truth in the complaint.
Gandhi had skipped the previous court appearance on December 2 citing the winter session of Parliament which he was attending.
His lawyer Pawar had then assured that the opposition parliamentarian will appear in the court on January 10.
