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MAHB rebuilds India footprints
Lim Cian Yai | 05 Jan 2018 00:30
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IT has been two years of muted activities in India for Malaysia Airports Holdings Bhd (MAHB) after it hived off its stake in Delhi Indira Gandhi International Airport (DIGIA) and maintained its long-standing minority 11% stake in Rajiv Gandhi International Airport (RGIA).

However, things are looking up for the airport operator as the Indian government recently announced plans to build 100 airports. This will double the number in the next 15 years.

Additionally, the Indian government’s decision to ease the rules on foreign direct investments (FDI) augurs well for MAHB.

The Centre for Asia Pacific Aviation India estimates that the second most populous country with a population of 1.31 billion would need up to US$45 bil (RM181 bil) in investments to build 55 new airports by 2030.

Hence, plans are afoot for MAHB to re-build its footprints in India, with the airport operator’s objective to increase its international business.

It will do so by building a more balanced portfolio of investments beyond Malaysia – through equity acquisitions and management contracts.