Adani’s GIFT City arm is expected to break even in nine years, a move that signifies growing confidence in the Indian aviation market and the potential of GIFT City as a key aviation hub. Adani Group’s airport arm, Adani Airports, had recently acquired a 23.5% stake in Mumbai International Airport Limited (MIAL) and holds the concession to operate and develop six airports in India. With this move, the Adani Group aims to strengthen its presence in the aviation sector and capitalize on the growth opportunities in the Indian market. The Group also sees potential in GIFT City, a special economic zone in Gujarat, to become a significant aviation hub, given its strategic location and development prospects. The move demonstrates Adani’s optimism regarding the future of the Indian aviation industry and its commitment to expanding its operations in this sector.
