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KASTELI AIRPORT: India's GMR Eyes Further Investment Opportunities In Crete

India’s GMR Group is already active in Crete, cooperating with GEK Terna to construct and manage the new airport in Kasteli.

Crete has become the focus of Indian business interests, given the significant tourist development recorded on the island, Creta Live reported. The prospect of new investments in the island’s winter tourism is exploitable.

From what we learned, the GMR Group, which is already active in Crete, having collaborated with GEK Terna for the construction and management of the new airport in Kasteli, is one of the players with a good eye on this type of investment.

Specialising in airports

GMR Group is a leading global infrastructure group with expertise in airports, energy, transport and infrastructure. It owns GMR Airports, Asia’s most prominent private airport operator, with the capacity to serve over 150 million passengers a year.

It manages central airports in India, such as Delhi, the country’s largest and fastest growing airport, Hyderabad, and New Goa airport, India’s first destination airport.

Kasteli Airport, India

Expanding its footprint overseas, the company is developing the Kualanamu International Airport in Medan, Indonesia and providing technical services to the prestigious Mactan Cebu International in the Philippines.

The Group is also developing two major airport projects in India and Greece, the construction of which emphasises environmentally friendly features.

GMR Aero Technic & GMR Varalakshmi Foundation

A subsidiary of the group is GMR Aero Technic, India’s most significant aircraft operator technical support company. At the same time, the group’s portfolio also contains energy investments, with an installed capacity of over 3,000 MW.

Also, the GMR Varalakshmi Foundation, which is the Corporate Social Responsibility arm of the group, aims to improve people’s lives by enhancing skills, education and healthcare infrastructure, promoting a better quality of life in general wherever the Group has a business presence.

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