Post Date : November 26, 2021
Prime Minister Narendra Modi on November 25th,2021 laid the foundation stone of the Noida International Airport at Jewar in Gautam Buddh Nagar district of Uttar Pradesh.
Touted to be the largest on completions, Noida International Airport will become the logistics gateway of northern India and will provide new employment opportunities to thousands of people in the region, PM noted while laying the foundation stone.
The upcoming airport is expected to cater to a large catchment area of logistics including the manufacturing hub of Noida–Greater Noida, Ghaziabad, and their vicinity as well as consumption catchment of West and North Uttar Pradesh.
Jewar airport (in Greater Noida) will help in the development of the nation. It will be Asia's biggest airport. It will also create employment opportunities for more than 1 lakh people: Civil Aviation Minister Jyotiraditya Scindia pic.twitter.com/wEmlVf0NHT— ANI (@ANI) November 24, 2021
“For the first time in India, an airport is being conceptualized with an integrated multi-modal cargo hub,” Modi said.
To be equipped with a dedicated cargo terminal with a capacity of 20 lakh metric tonnes, which will be expandable to 80 lakh metric tonnes, the airport will also have Ground Transportation Centre.
This transportation center will house a multi-modal transit hub, housing metro and high-speed rail stations, taxi, bus services, and private parking.
Furthermore, the airport will be linked to the planned Delhi-Varanasi high-speed rail and enable the journey between Delhi and the airport in only 21 minutes.
The airport will also have a state-of-the-art MRO (maintenance, repair, and overhauling) service. It will introduce a swing aircraft stand concept, providing flexibility for airlines to operate an aircraft for both domestic and international flights from the same contact stand, without having to re-position the aircraft.
Jewar airport is expected to open up new avenues for export because it will avoid the supply-chain leakage by decreasing the transit time and distance.
Also, it will have better connectivity with two major corridors – the Delhi-Mumbai Industrial Corridor and Dedicated Freight Corridor (DFC).
A futuristic, people-friendly Noida airport! pic.twitter.com/ImqUVAVUuf— Narendra Modi (@narendramodi) November 25, 2021
Noida-Greater Noida, 10 km from the upcoming Jewar International Airport, is emerging as one of the largest logistics and warehousing hubs in the region with demand from 3PL/logistics, E-commerce, and manufacturing players such as electronics and engineering.
“The Jewar Airport is strategically located and its development at such rapid pace shall augment the growth of logistics sector. The sector will become an early benefactor given that the Yamuna Expressway, Western Peripheral Expressway, and Delhi Mumbai Expressway are all proposed to be connected to the airport. This will give UP a big growth stimulus shortly,”Shyam Arumugam, Managing Director, Industrial & Logistics Services (India), Colliers.
Infrastructure initiatives like the international airport at Jewar, Greater Noida, and the proposed 700-acre transport hub in the vicinity, plus the Delhi-Mumbai Industrial Corridor, are set to transform supply chains in the Delhi National Capital Region over the next five to six years.
The first half of FY22 has attracted significant private equity investment for the Industrial and logistics sector. As per ANAROCK Capital, out of the total $1,790 mn PE inflows into Indian realty in H1 FY22, nearly 30 percent was in the industrial and the logistics sector. These inflows are further expected to increase in the future with the completion of the airport.
Experts believe Jewar airport to be a logistics gateway for Northern India, they say the progression of the airport’s construction as per the schedule will bring significant ‘real’ benefits.
The new airport is viewed as an aid to cater to a larger market. With its scale and capacity, the aerodrome is to be a gamechanger for Uttar Pradesh and the integrated multi-modal cargo hub, experts say.
Once ready it will not only provide a good blueprint for future airports but will majorly help reduce the total cost and time for logistics and develop the western UP corridor which is home to a large consumption base.
The development of the airport is being viewed as a major step towards infrastructural development that can get India at par with other developed nations.