AAICLAS to foray into airports internationally
July 07, 2017: After almost a year of operations, AAI Cargo Logistics and Allied Services Company Limited (AAICLAS) is looking at investing in international airports. A 100 percent subsidiary of Airport Authority of India (AAI), AAICLAS is an integrated logistics network entity. The company has witnessed a positive development in the cargo movement at its airports after the incorporation of AAICLAS.
Speaking exclusively to STAT Trade Times, Keku Gazder, CEO, AAICLAS, said, “For the first time, we will be open to investment outside India. We will invest in airports and facilities worldwide. Our collective expertise and knowledge in managing domestic facilities for over five decades gives us a strong edge over other operators. In certain models at certain places we will invest in facilities and third party will manage them whereas in some airports we will build the facilities and operate ourselves.” We also have a strong mandate from the board to explore cargo handling and allied services abroad, he added.
Gazder further added, “We are expecting the business to grow by 10-15 percent in the current financial year and over 20 percent in the next fiscal year. The mandate of AAICLAS is to focus on cargo and increase the cargo handled by our airports using best practices and world class technologies. We are mandated to perform all functions and explore opportunities that contribute to the growth of our airport related business.”
In the FY 2017-18, AAICLAS is planning to launch Common User Domestic Cargo Terminals (CUDCT) at Guwahati, Tirupati, Lucknow, Thiruvananthapuram, Varanasi, Amritsar, Srinagar, Vijayawada and to undertake international cargo handling operations at Pune, Jaipur, Aurangabad, Visakhapatnam, Madurai, Tiruchirappalli.