NOIDA : Air India SATS Airport Services Private Limited (AISATS), a leading airport services company in India, and Yamuna International Airport Private Limited (YIAPL), a special purpose vehicle formed by Noida Airport concessionaire Zurich AG, have signed a concession agreement to build a state-of-the-art Multi-Modal Cargo Hub (MMCH) at Noida International Airport.

Sanjay Gupta, CEO of AISATS, and Christoph Schnellmann, CEO of YIAPL, signed the agreement at a ceremony held on May 30, 2023, at Noida.

The MMCH, spanning across 87 acres, will be a pioneering facility in India that comprises an Integrated Cargo Terminal (ICT) and an Integrated Warehousing & Logistics Zone (IWLZ). The strategic location of this first-of-its-kind cargo hub will seamlessly connect multiple modes of transportation with consolidated ancillary and value-added services, establishing a highly efficient route for cargo throughput across India and abroad. AISATS has been entrusted with the responsibility of designing, building, financing and operating the MMCH, further emphasizing its significance in transforming the logistics and cargo industry. Through this facility, AISATS aims to provide India’s logistics sector with a world-beating cargo processing and transportation grid that will help reduce logistics costs significantly, streamline processes for seamless coordination, and bring speed and transparency to the country’s supply chain.

Nipun Aggarwal, Chairman of AISATS, said, “Air India sees tremendous growth opportunities in Uttar Pradesh and is keen to provide seamless cargo connectivity within the state to power this growth. The AISATS MMCH at Noida will play an integral part in providing just-in-time cargo facilities for the North India region and will support in levelling up the Indian logistics and air cargo sectors with state-of-the-art infrastructure, value-added services and improved cost efficiency. We have no doubt it will have a knock-on effect and help increase India’s trade, provide employment opportunities and ease the movement of goods across the country.”