The Adani Group plans to invest Rs 1 lakh crore in its airports business over the next five years, underscoring its confidence in the long-term growth of India’s aviation sector, which is projected to expand at an annual rate of 15–16 per cent, a senior group official said.
Speaking to PTI ahead of the commencement of commercial operations at Navi Mumbai International Airport, Adani Airports Director Jeet Adani said the investment would be directed towards expanding capacity, modernising infrastructure, and developing new airports. “On the airport side, we are looking at an investment of Rs 1 lakh crore over the next five years,” he said.
Navi Mumbai International Airport, scheduled to begin commercial operations on December 25, will be the latest addition to the Adani Group’s growing airport portfolio. The project is being developed by Navi Mumbai International Airport Ltd (NMIAL), in which the Adani Group holds a 74 per cent stake.
Constructed at an initial cost of Rs 19,650 crore, the first phase of the airport will have the capacity to handle 20 million passengers annually. Over time, capacity is expected to be scaled up to 90 million passengers, helping ease congestion at Mumbai’s existing airport and supporting the region’s long-term air traffic growth.
