A Game Changer: PM Modi To Open Navi Mumbai Intl Airport On Oct 8

Mumbai’s importance as the nation’s economic capital will increase by a quantum leap when Prime Minister Narendra Modi inaugurates the first phase of the greenfield Navi Mumbai International Airport (NMIA) on 8 October. The airport, when fully operational, is estimated to generate business worth Rs 1 lakh crore rupees through various activities in and around it. The nearby JNPA port and the upcoming Delhi-Mumbai freight corridor will be the two important drivers to boost the economy of Maharashtra and India. After several hiccups, the NMIA will witness the first commercial flights in December. The airport has been built at an investment of about Rs 20,000 crore. Once all the four terminals are completed, the total approximate investment will be of Rs 1 lakh crore. The second airport in the Mumbai Metropolitan Region after the existing Chhatrapati Shivaji Maharaj International Airport in Mumbai, has secured its aerodrome licence from the Directorate General of Civil Aviation on 30 September. The joint venture project will be developed in phases by NMIA. Adani Group has 74% stake and the balance 26% is with the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), completely owned by the State government. According to the schedule available, the PM will land at the Navi Mumbai International Airport in the afternoon and will spend almost two hours there. Modi will first visit the terminal building and then address the inaugural function, opening a new chapter in India’s efforts to become self-reliant.