Air India’s joint venture AISATS and Yamuna International Airport Pvt Ltd announced on Wednesday that they have signed a concession agreement for a multimodal cargo hub at Noida’s upcoming international airport.
As part of the plan, Air India SATS Airport Services Private Limited (AISATS) will design, build, finance and operate the cargo hub. production centers across the country.
With this facility, AISATS aims to provide India’s logistics industry with a cargo handling and transportation network that will help significantly reduce logistics costs, streamline processes for seamless coordination and bring speed and transparency to the country’s supply chain, according to a release.
“The AISATS cargo hub in Noida will play an integral role in providing just-in-time cargo facilities for the North India region and will support India’s logistics and air cargo sectors with infrastructure, value-added services and improved cost efficiency. said Nipun Aggarwal, Chairman of AISATS.
The strategic location of this unique cargo hub will seamlessly connect multiple modes of transportation with consolidated ancillary and value-added services, creating a highly efficient route for cargo transshipment across India and abroad, according to AISATS.
“India is one of the world’s fastest growing economies with tremendous growth potential in air cargo logistics. Establishing an integrated logistics gateway in Noida through our AISATS joint venture with Tata Group’s Air India will help develop the region into a strategic air freight and export hub,” said Bob Chi, CEO of SATS Gateway Services.
“Such development also accelerates the expansion of our global air cargo hub handling capabilities as part of SATS’ twin-engine growth strategy,” he added.