Saturday, January 20, 2007

Air India JV to invest 800 mln rupees on cargo hub

Mumbai: State-run carrier Air India said on Friday a joint venture with Singapore Airport Terminal Services Ltd. will invest 800 million rupees to set up a cargo handling facility in Bangalore.
The facility, to be constructed by January 2008, will have the capacity to handle 150,000 tonnes of cargo, an Air India statement said.
It would also handle perishable and specialised cargo including courier and mail.
Air cargo is gaining importance in India with the entry of large retailers and rising demand for fresh food and vegetables.
19/01/07 Reuters India