Foreign investors cautious as India accelerates airports privatisation

06 May 2020 - 12:00 am UTC

Foreign investors that have previously bid for Indian airports today expressed caution about an upcoming auction.

Zurich Airport AG – which last year won a USD 4bn project to build an airport 80km from New Delhi – warned against a “rushed bidding” process for a proposed privatization of six airports, saying that the industry’s focus in a COVID-19 world is to manage cash flows, optimizing costs and maintaining vital services. 

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