India to privatise 11 airports, including Varanasi and Tirupati, under new plan
- The Indian government plans to privatise 11 airports including Varanasi and Tirupati under the public-private partnership model.
- The civil aviation ministry proposed grouping the airports into five bundles, each awarded to a single concessionaire.
- The proposal received in-principle approval from the PPP Appraisal Committee on August 4.
- The 50-year concessions are estimated to draw Rs 8,622 crore in investment from private players.
Source: deccanchronicle.com
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