Battle For Mumbai Airport
GVK is trying to retain its hold on its crown jewel, the Mumbai International Airport, even as the Adani Group eyes a stake in it. The battle has just begun
GVK and Adani are both big names in infrastructure. Both symbolise entrepreneurship spawned by the post 1991 economic liberalisation. Yet, both are distinctly different. One broke the mould as developer of the Mumbai International Airport, and turned it into one of the best in the world but is cash strapped now and has been forced to restrain any expansion. The other is also deep in debt and although new to the airport business, is driven by an unmistakable ambition to make it big in the business. Other than a big bang entry early this year into this space by winning bids to operate six airports, the Adani Group also seems keen to have a say in the running of the Mumbai International Airport (MIAL) in which GVK has
