Changi saw attractive returns on investment in the medium and long term from the Andal airport-city project.
The surprisingly strong opposition to land acquisition in Singur and earlier events at Nandigram, where local protests forced the government to scrap plans for a chemical hub, have induced investors keen on acquiring land in West Bengal to come up with compensation packages that can only be described as extravagant.
The West Bengal government has handed over the first tranche of 533 acres to Bengal Aerotropolis Projects Ltd (BAPL) for setting up a new airport city project. This is to come up in the Durgapur-Asansol region, of Bardhaman district, at an estimated investment of Rs 10,000 crore (Rs 100 billion).
West Bengal government has 1.2 per cent stake in BAPL.
Singapore's Changi Airport International (CAI) has decided to increase its stake in Bengal Aerotropolis Projects Ltd (BAPL) to 32.2 per cent from 26 per cent held since the project began in 2009.
Airlines say ATF fuel prices in India are 40 per cent higher than in countries such as Singapore. Jharkhand, Chhattisgarh and Maharashtra
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances