Friday, Apr 26 2024 | Time 04:07 Hrs(IST)
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India


Cabinet approves Leasing out of AAI land to AIDC for perishable cargo in Guwahati

New Delhi, Aug 24 (UNI) The Union Cabinet, chaired by Prime Minister Narendra Modi, today gave its approval for leasing out of Airports Authority of India (AAI ) land measuring 4050 sq mt to the Assam Industrial Development Corporation (AIDC), a Government of Assam Undertaking, External Affairs Minister Sushma Swaraj said.
The leased land will be utilised for setting up of Centre for Perishable Cargo (CPC) and its future expansion at Lokpriya Gopinath Bordoloi International Airport (LGBI Airport), Guwahati.
The land is to be leased by AAI on a token licence fee of Re 1 per annum for a period of seven years subject to signing of Lease Agreement. After expiry of initial period of seven years, the future lease period will be made afresh as per AAI policy in-vogue.
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