Captains of Kerala’s trade and industry led by the Confederation Indian Industry (CII) have wholeheartedly welcomed the Centre’s decision to hand over the Thiruvananthapuram International Airport to the private sector. The Union Cabinet had on Wednesday approved a proposal for leasing out Jaipur, Guwahati and Thiruvanathapuram airports through Public-Private Partnership (PPP) for a period of 50 years.
The latest announcement comes a year after the Cabinet had similarly cleared the Civil Aviation Ministry’s proposal to lease out Ahmedabad, Lucknow and Mangaluru airports through PPP to the Adani group. It was the second big airport privatisation round after Delhi and Mumbai were given to GMR and GVK, respectively.
Need for competitiveness
Thomas John Muthoot, Chairman, CII Kerala State Council and Chairman and Managing Director, Muthoot Fincorp, welcomed the decision and said that considering Kerala’s high billing in world tourism charts and regular traffic flow, the Thiruvananthapuram airport needed to be competitive