Summary:
The Hyderabad Airport City will house a Business Port, Health Port, Education Port, Fun Port, Logistics Port and Aerospace Port, drawing investments in these respective areas. The Hyderabad Airport City currently has players like Tata, Amazon, Decathlon and Pratt & Whitney, among others, who have commenced operations there.This apart, the exhibition and convention centre at the Hyderabad Airport City will have a seating capacity of 12,000 and will be the largest convention centre in the country. “Post the formation of Telangana state in 2014, Hyderabad has been witnessing rapid socio-economic growth and in tandem the airport has seen unprecedented growth of passenger traffic flow. Since 2014, the passenger traffic growth rate has tripled from 7% to about 21% year-on-year over the last four years,” GMR Group chairman GM Rao explained.The event also marked the launch of Hyderabad Airport City, which is touted to be India’s first smart, greenfield airport city. This will give a major boost to the meetings, incentives, conventions and events (MICE) industry in the city, which has already emerged as a destination of choice for big ticket events and has in recent times hosted mega events like the Global Entrepreneurship Summit in the end of November 2017 as well as the Olympics of IT – the World Congress of Information Technology.The CM also released a stamp and envelope to commemorate the decade of excellence and the event also witnessed the signing of three MoUs on training programs between GMR Varalakshmi Foundation and industry partners — Schneider, Volvo and Jaguar Foundation..