AISATS Noida Cargo Terminal Private Limited and its special purpose vehicle (SPV) recently performed Bhoomi Pujan for its cutting-edge multimodal cargo hub at the Noida International Airport coming up in Jewar. The cargo terminal is being built on 37 acres and surpasses any previously constructed terminals in terms of size and capacity.
AISATS is a joint venture of Air India and SATS (Singapore Airport Terminal Services). The state-of-the-art cargo hub promises to provide smart, seamless, scalable and secure solutions to the Indian air cargo and logistics supply chain sector. The facility would also play an important role in linking ASEAN countries and the proposed India-UAE-Europe Economic Corridor.
The company had signed two MoUs worth Rs 5,000 crore with UP; one of them is for an integrated cargo liner and the other for a logistics park, as per a report.