Air India SATS Airport Services (AISATS) has signed a concession agreement with Yamuna International Airport (YIAPL), to build a Multi-Modal Cargo Hub (MMCH) at Noida International Airport in Uttar Pradesh, India.
YIAPL is a special purpose vehicle formed by Noida Airport concessionaire Zurich AG.
As a part of the deal, AISATS will be responsible for designing, building, financing and operating the MMCH, which will span 87 acres and comprise an Integrated Cargo Terminal (ICT) and an Integrated Warehousing & Logistics Zone (IWLZ).
Nipun Aggarwal, Chairman, AISATS, said: “Air India sees tremendous growth opportunities in Uttar Pradesh and is keen to provide seamless cargo connectivity within the state to power this growth. The AISATS MMCH at Noida will play an integral part in providing just-in-time cargo facilities for the North India region and will support in levelling up the Indian logistics and air cargo sectors with state-of-the-art infrastructure, value-added services and improved cost efficiency.”
AISATS is a 50:50 JV between Air India, and SATS, a leading provider of food and gateway services in Asia.
With the MMCH, AISATS aims to provide airlines and players within the trade and logistics sector with facilities such as separate domestic and international cargo terminal zones and dedicated courier terminals to handle express courier shipments.
Excited about the partnership, Sanjay Gupta, CEO, AISATS, said: “Our goal is to enhance the state’s supply chain efficiency and make Noida a strategic cargo gateway to North India and beyond.”
The MMCH at Noida International Airport is expected to commence operations in 2024.
