What Happened
Airport Operator Bets Big on India's Aviation Boom
GMR Airports is investing $2 billion to expand its New Delhi and Hyderabad facilities, aiming to boost capacity and modernize infrastructure amidst India’s surging aviation demand. The company plans to spend ₹138 billion on Hyderabad’s Rajiv Gandhi International Airport and ₹56 billion on New Delhi airport over the next five to seven years. This move comes as India’s flier traffic is projected to grow six-fold to around 1.1 billion passengers by 2040, according to government estimates. The investment was reported by Bloomberg.