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LATEST NEWS UPDATES | Finance Ministry and Niti Aayog had raised red flags before Adani’s clean sweep of six airports -Pranav Mukul and Anil Sasi

Finance Ministry and Niti Aayog had raised red flags before Adani’s clean sweep of six airports -Pranav Mukul and Anil Sasi

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published Published on Jan 15, 2021   modified Modified on Jan 15, 2021

-The Indian Express

This assumes significance given that on August 31 last year, the Adani Group signed another deal to acquire a controlling interest in the country’s second largest airport, in Mumbai — the Airports Authority of India cleared that takeover on January 12.

BOTH THE FINANCE Ministry and Niti Aayog had put on record objections regarding the 2019 airport bidding process, which were over-ruled, clearing the way for a clean sweep of six airports by the Ahmedabad-based Adani Group, records accessed by The Indian Express show.

This assumes significance given that on August 31 last year, the Adani Group signed another deal to acquire a controlling interest in the country’s second largest airport, in Mumbai — the Airports Authority of India cleared that takeover on January 12.

Aviation is one sector the Competition Commission of India has marked for review of market dominance. From running a private air-strip Finance, Niti Aayog raised red flags before Adani’s clean sweep of 6 airports at Mundra, the Adani Group is today the country’s largest private developer in terms of number of airports handled; and the second largest, in terms of passenger traffic, over a span of just 20 months.

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The Indian Express, 15 January, 2021, https://indianexpress.com/article/business/adani-airports-finance-ministry-niti-aayog-7146853/?fbclid=IwAR1KJlWBCN7gyFBUnuIdWKs2OnvNLE61Vw195qYMMY964XJk0kjLCFA6-zA


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