The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Kumaresan S, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur
This is with reference to the news published in the daily news paper “Business Standard” on 16th March 2015.
The first private Greenfield airport in India, kazi Nazrul Islam airport is expected to start its commercial operation from around the Bengali new year (April 14). The airport is located in Andal between the industrial towns of west Bengal, Durgapur and Asansol. This airport promoted by Singapore based changi Airports International has 32.2% stake on Bengal Aerotropolis Ltd (BAPL).
The calibration of all the crucial equipment installed in the facility such as equipment for weather, distance measuring, radio network and lighting has been completed by the airport authority of India. After AAI send the report to DGCA(Directorate General of Civil Aviation) ,it will take three- four weeks to get the final licence and it is expected that the India’s’ first private Greenfield airport “Kazi Nazrul Islam airport” will start its commercial operation by April 14, 2015.
“With this calibration process, we have now overcome all hurdles towards commissioning the airport” BAPL promoter and Managing Director Partha Ghosh.
To attract airlines, BAPL is offering concession on landing and parking fee and subsidy on seats and incidentally, west has waived 100% sales tax at kazi Nazrul airport for three year period this will attract more airlines to the airport.
The completion of this project will create an image for west Bengal as Industry-friendly state and this may boost up the Industrial investment by private players in west Bengal.