Infra‘stuck’ture? Not anymore

MANAGEMENT GURU

With rising traf. c, GVK is . ghting an uphill battle against time
You can’t have the cake and eat it too! Surely, while talk about umpteen carriers joining the domestic aviation space and the vigorous annual growth of 28% in the sector would cheer you up, the very thought of cramped-up space and poor infrastructure brings back frowns.

The modernisation drive for the Chhatrapati Shivaji International Airport (CSIA) in Mumbai is currently in progress under Mumbai International Airport Limited (MIAL, a part of GVK). But it was never easy for the giant with the road strewn with challenges galore, confirming which, G. V. Sanjay Reddy, MD, MIAL stated, “The space available is less compared to the other international airports in India. This is a big challenge we have to counter. The bigger challenge however, is to modernise a working airport.” With an investment of Rs.70 billion spread over a period of two decades (of which Rs.58 billion will be invested in the first seven years), Mumbai looks set to own a world class airport.

CSIA crossed the 20 million mark in passenger traffic figures for the period from April 2006–February 2007. This is the first time that total traffic handled by a particular airport has surpassed the landmark figure. It recorded a total passenger traffic of 20.29 million (13.56 million domestic & 6.73 million international) for the eleven month period, signifying a 21.28% increase over the same period last year. Furthermore the traffic during December 2006 was also a record at 2.15 million, which was the highest ever monthly count for any Indian airport.

And in the midst of this rising passenger traffic & CSIA struggling for breathing space, GVK’s progress will be keenly watched on this front.

B&E Research: Viral Vyas

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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