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Major Investment Boost During Singapore Visit​

Singapore/Lucknow, February 24: The Uttar Pradesh government has signed a memorandum of understanding with Air India SATS Airport Services Pvt Ltd to invest ₹4,458 crore in two major aviation service projects at the upcoming Noida International Airport.

The agreement was formalised on Sunday during Chief Minister Yogi Adityanath’s ongoing visit to Singapore. Officials said the deal marks a key investment outcome on the second day of the tour, which is focused on attracting global capital to Uttar Pradesh.

Advanced Cargo Campus to Position Jewar as Logistics Hub​

Under the MoU, AISATS will develop an advanced cargo campus at the airport in Jewar, located in Gautam Buddh Nagar district.

Officials stated that the integrated cargo facility is expected to establish Jewar as a major air freight and logistics hub for north India. The campus will facilitate export and import activities across multiple sectors, including electronics, pharmaceuticals, and agricultural products.

The project will also leverage the airport’s planned multi-modal connectivity to strengthen international trade linkages and streamline cargo movement across regions.

World-Class Air Catering Kitchen Planned​

In addition to the cargo campus, AISATS will set up a modern air catering unit at the airport.

The facility will supply in-flight meals not only for flights operating from Jewar but also for multiple airports across northern India. Officials noted that the catering project is expected to support the regional food processing industry and enhance the broader supply chain ecosystem.

Employment and Economic Impact​

The two projects are expected to generate significant direct and indirect employment opportunities in the region. Officials described the agreement as a major step forward for the aviation, logistics, and services sectors in Uttar Pradesh.

They added that once operational, the developments at Noida International Airport are likely to contribute to strengthening north India’s economic landscape, further positioning the state as a key destination for infrastructure-led investment.
 

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The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.

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