Page 40 - ITLN-September-October-2024-Issue-for-Website

News

India to export

homegrown aircraft, says India's APEDA-certified
pomegranates debut in Australia
Civil Aviation Minister
ndia reached a new milestone in perishable
Iexports by shipping pomegranates for
the first time from the farms of India to the
people of Australia.
On August 31, 2024, the Agricultural and
Processed Food Products Export Development
Authority (APEDA) facilitated
the first consignment of
Indian pomegranates from
Mumbai to Melbourne.
An official release by
the Indian Ministry of
Commerce and Industry
states, "The consignment
e want to manufacture producing a 19-seater aircraft, weighing 1.1 metric tonnes
"Waircraft in India on the government's focus is now (MT) consisted of 336
a large scale, not just to on significantly scaling up boxes (each weighing
meet domestic demand but the industry. 3.5 kg). It underwent
to become an exporter of "We aim to develop a necessary irradiation
aircraft," announced India's complete ecosystem where treatment at the MSAMB IFC (Maharashtra
Civil Aviation Minister, Kinjarapu India can design, manufacture, State Agricultural Marketing Board - Irradiation
Ram Mohan Naidu, at a press and export its own aircraft," Facility Centre) in Vashi, Navi Mumbai, as per
meet after his inaugural Naidu emphasised. the agreed work plan."
session at the 10th edition of This ambitious goal is set This consignment was completed by
PHDCCI Aviation & Air Cargo against the backdrop of India's Mumbai-based fruit and vegetable exporter
Summit 2024, held in New Delhi rapidly growing aviation sector, Kay Bee Exports. Using Air India's network,
on September 4, 2024. with plans to nurture the entire Kay Bee Exports completed its first air
With Hindustan Aeronautics manufacturing framework over shipment of more than a tonne of Indian
Limited (HAL) already the next five years. pomegranates from India to Australia.

GMR Airports to buy 10% additional stake in Delhi Airport for $126mn

MR Airports Infrastructure (GIL) has signed
Ga share purchase agreement with Fraport AG
Frankfurt Airport Services Worldwide (Fraport) for
buying its current minority 10 percent equity stake in
Delhi International Airport (DIAL), a subsidiary of GIL.
The acquisition would be for a negotiated
aggregate consideration of $126 million, according to
a regulatory filing by GIL.
"GIL currently holds 64 percent of the paid-up
capital of DIAL, and the stake would increase to 74
percent, post the acquisition. Airports Authority of
India (AAI) continues to hold a 26 percent equity stake
in DIAL. Post the transaction, Fraport’s appointment
as the airport operator of DIAL shall continue to be
governed by the Airport Operator Agreement and/or
any other agreement(s) executed in relation to its role
as the airport operator."
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