GMR Group Eyes Expansion in Airport Business, to Continue Investing in Technology

Image for illustration. (Image supply: Reuters)

In the annual report of GMR Infrastructure, the Chairman of the group stated that the corporate will even proceed to put money into expertise.

  • IANS
  • Last Updated: August 31, 2020, 6:05 PM IST

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GMR Group will work in the direction of increasing its footprint within the airport enterprise in the long run, stated G.M. Rao, Chairman of the group.

His message to the shareholders within the annual report of GMR Infrastructure stated that the corporate will even proceed to put money into expertise.


“From a longterm perspective, the Group will continue to invest in technology and work towards further expanding our footprint in the Airport business. We will ensure that the Group is ready for a strong economic comeback post the pandemic,” Rao stated.

He famous that the aviation trade throughout the globe is going through an unprecedented scenario with a really important opposed influence because of the Covid-19 outbreak.

Not solely has air journey been restricted on account of government-initiated lockdowns to curb the unfold of Covid-19, the final passenger sentiment has additionally been adversely impacted, Rao stated, including that bigger international locations corresponding to India, nonetheless, are anticipated to get better quicker due to a robust home market.

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“In line with our strategy, we believe that in spite of the ongoing turbulence, the airport business has huge underlying strength and will continue to be the growth engine for the group,” he stated.

Noting that the elemental long-term development drivers for the Indian financial system and aviation sector stay intact and powerful, he stated: “We are actively pursuing suitable airport opportunities in India as well as globally. “


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