Sri Lanka plans to partner with Gautam Adani’s Adani Group to manage its airports, including Bandaranaike International, according to Tourism Minister Harin Fernando. Negotiations are ongoing for three airports, including Ratmalana and Mattala. Bandaranaike International Airport, named after former Prime Minister Solomon Bandaranaike, serves as the country’s primary international gateway.
This move follows Sri Lanka’s tourism resurgence, with 1.48 million visitors in 2023, nearly double from the previous year, with India contributing 37% of arrivals. Adani Group, known for its Indian airport portfolio, would mark its first overseas aviation venture if the deal proceeds. Adani already has investments in Sri Lanka’s ports and renewable energy sectors, securing significant funding for a container terminal project in Colombo.
The decision to engage a private partner reflects Sri Lanka’s efforts to enhance airport operations amidst growing tourist traffic. With Adani Group’s expertise, the country aims to improve airport services and infrastructure to meet the rising demand in tourism.
The potential collaboration underscores Adani’s expanding global footprint, aligning with its strategy to diversify investments beyond India’s borders. Sri Lanka’s burgeoning tourism sector presents lucrative opportunities for the group, leveraging its experience and resources to optimize airport management and drive economic growth in the island nation.
As negotiations progress, stakeholders await further developments on the partnership, anticipating its impact on Sri Lanka’s aviation landscape and Adani Group’s international expansion trajectory.
A decision to partner with the Adani Group could reshape Sri Lanka’s aviation industry, enhancing efficiency and competitiveness in airport management while bolstering the country’s tourism sector amidst increasing global travel trends.
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