New Delhi, May 31 : Air India SATS Airport Services Pvt Ltd (AISATS) on Wednesday said that it has signed a concession agreement with Yamuna International Airport Pvt Ltd (YIAPL) for building a multi-modal cargo hub at the upcoming Noida airport.
The proposed cargo hub would be spread across 87 acres and comprise an integrated cargo terminal (ICT) and an integrated warehousing & logistics zone. The cargo hub is expected to become operational in 2024.
AISATS is an equal stake joint venture between Tata-owned Air India Ltd and SATS Ltd, a leading provider of food and gateway services in Asia.
“Air India sees tremendous growth opportunities in Uttar Pradesh and is keen to provide seamless cargo connectivity within the state to power this growth,” said Nipun Aggarwal, Chairman of AISATS.
Sanjay Gupta, CEO of AISATS, said, “We are excited about our partnership with YIAPL and the tremendous potential of Noida International Airport as a world-class cargo hub. As a leading cargo solutions provider, AISATS is committed to establishing unparalleled multi-modal logistics infrastructure that will connect Uttar Pradesh’s rapidly growing industrial clusters with the rest of the world.”lications have been granted approval.
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