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The face of Adani-run airports is all set to change

Tejasvi Malhotra by Tejasvi Malhotra
16 July 2022
in Economy, Trending
The face of Adani-run airports is all set to change
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Gautam Adani is the fourth richest man in the world. His popularity and business acumen have paved the way for his recurrent growth. His growth is due to his contribution of expertise in almost every sector, crucial to the development of India as a whole.

 Adani’s new aero cities

 In a recent development, the Adani group is planning to boost real estate projects alongside its airports in the country, along with its aeronautical and non-aeronautical terminal operations. Adani airports are planning to develop around 70 million square feet on over 500 acres of land across all its airports. These “aero cities” will include hotels, convention centers, retail, entertainment healthcare options, logistics, commercial offices, and other allied real estate segments.

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As per its website, the company is emphasizing the creation of ‘lifestyle destinations’ for customers both inside and outside the airport. The company remarks that it will “drive an upward trajectory for non-aeronautical revenues both for the airports and its partners, making it the preferred partner in the sector.”

For this purpose, the company is in talks with hospitality chains like Marriott International, InterContinental Hotels Group (IHG), and Hilton for developing hotels under the plan.

The Adani group has often facilitated customers’ experiences with their skilled workforce and customer-centric project plans. In addition, Adani’s flagship in leading his master plans to become a blessing for India. Moreover, Adani has invested a lot of money in the overall development of the country.

Read more: As predicted by TFI, Gautam Adani has left Mukesh Ambani miles behind

Adani’s incredible growth

Not just airports, Adani has been dedicated to deep-diving his roots in other sectors as well. The FMCG Company, Adani Wilmar has recorded growth of nearly 190 percent to Rs 66,427 crores. Apart from this, comparing India’s other power projects with Adani’s thermal power project; it can be evident that the latter is already at least 7 per cent less emission-intensive.

The Adani group has also built India’s largest commercial port over the last two decades. The group has over 12 ports and terminals so far. Adani Ports and Special Economic Zone Ltd. is India’s largest commercial port operator and integrated logistics player with a capacity of 498 million metric tonnes per annum. It is further planning to take 40 percent of the country’s trade market by the year 2025.

It’s a little difficult task to culminate Adani’s vast swathe of growth. According to Business Standard, Adani Group has recorded significant growth in terms of revenues and profits since 2014. In the year 2014, its revenue was Rs. 56,902.6 crores, with a net profit of around 1000 crores. In 2017 it marked in the negative level of Rs. 2000 crores as net profit. After this drastic decline, it jumped to a net profit of Rs. 7,064.9 crores in 2021, registering revenue of Rs. 69,839 crores.

With the arrival of Prime Minister Narendra Modi in 2014, India’s overall development has reached insane heights and Gautam Adani has played a spectacular role in achieving it. His business enterprises have received larger growth areas with the introduction of various government initiatives like Aatmanirbhar Bharat, Make In India, and many more.

Gautam Adani seems to be working on the footprints of PM Modi. His relentlessly working enterprises and continuous increase in investment pave the way for a new and modern India. With this, the rapidly surging growth graph of Adani is just another initiation for India to become the next superpower.

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