Who: Airports Authority of India
What: Signed MoU with IL&FS
When: 20 November 2015
Why: To bolster overseas expansion
Airports Authority of India (AAI) on 20 November 2015 signed a Memorandum of Understanding (MoU) with IL&FS Global Financial Services to spread its wings overseas. IL&FS Global Financial Services is a subsidiary of infrastructure giant IL&FS.
Through this tie-up, AAI aims to go global from local, considering its expertise and capabilities in airport development and operation and management. The authority will get an opportunity to identify airport development opportunities in Middle East, Africa regions as well as in CIS countries.
Over a period of time, AAI has developed more than 60 airports in metro and non-metro cities in India.
Infrastructure Leasing & Financial Services Limited (IL&FS) is one of India’s leading infrastructure development and finance companies.