Current Affairs - Economy - Discussion

The Union Cabinet approved the modernisation of Nagpur International Airport through a Public-Private Partnership (PPP) model by extending the lease period of the Airports Authority of India land granted to MIHAN India Limited. The project operations will be managed by GMR Nagpur International Airport Limited (GNIAL) for a concession period of 30 years. The modernisation aims to expand the airport’s capacity to handle up to 30 million passengers annually while strengthening cargo logistics in the Vidarbha region. The airport, officially known as Dr Babasaheb Ambedkar International Airport, is also a major component of the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) project.