SATS JV to build multimodal cargo hub at India’s Noida International Airport
13 / 02 / 2023
Photo: Jaromir Chalabala/ Shutterstock
Singapore-based aviation services company SATS’ joint venture company AISATS has been selected by Yamuna International Airport Private Limited (YIAPL) to design, build, finance and operate an integrated multimodal cargo hub (MMCH) at Noida International Airport in Jewar, Uttar Pradesh.
AISATS, a joint venture of Air India and SATS, expects to finalise and conclude the terms of a concession agreement with YIAPL in the coming weeks. Western Uttar Pradesh and the National Capital Region host multiple large industrial clusters of textiles, electronics, e-commerce, pharmaceuticals and perishables.
Currently under construction, Noida International Airport is due to be completed at the end of 2024.
The five-tier MMCH is the first of its kind in India, and will comprise an Integrated Cargo Terminal (ICT) and an Integrated Warehousing and Logistics Zone (IWLZ) to be built over 87 acres of land, with concessions spanning up to 20 years and 37 years respectively.
The MMCH will include integrated facilities with airside access for general cargo, e-commerce, temperature-controlled goods for perishables and pharmaceuticals, and express courier shipments.
It will also provide trucking facilities to support road-to-road, road-to-air, and air-to-road movements.
Sanjay Gupta, chief executive of AISATS, said: “We are excited to partner with Noida International Airport to build a state-of-the-art, modern, and efficient cargo infrastructure, by making the best use of technology. India is envisioned to become the next logistics hub for the world, and the government is taking necessary measures to make logistics more efficient and globally competitive.
“We are aiming to develop world-class infrastructure to deliver a seamless, best-in-class cargo experience for all stakeholders. Catering to a large catchment area with a huge growth owing to multi-modal connectivity, we are certain that this multi-modal cargo hub will truly become the gateway to North India.”
Bob Chi, chief executive of SATS Gateway Services, added: “India is an important market in SATS’ twin-engine growth strategy, and our partner in India, the Tata Group, has a significant presence in Uttar Pradesh in various businesses. Through our partnership in AISATS, we hope to strengthen our collaboration in India and leverage SATS’ capability in air cargo hub handling to unlock the huge potential in Uttar Pradesh to support India’s economic growth.”
Last month, SATS’ shareholders voted to approve the planned takeover of cargo-handling giant Worldwide Flight Services (WFS).
