Fly Bharathi Aviation Signs Rs.750 Crore MoU with Madhya Pradesh Government to develop an Airport in Ujjain

New Delhi [India], March 7: Fly Bharathi Aviation and Aeronautics Private Limited, a pioneering company in India’s aviation sector, has taken a significant step towards enhancing air connectivity in Madhya Pradesh. At the Global Investment Summit organized by the Government of Madhya Pradesh, the company, led by Girish Pillai, Managing Director, signed a Memorandum of Understanding (MoU) expressing its interest in investing ₹750 crore with an intent to develop Airport at Ujjain, and/or at other strategic location of the State of Madhya Pradesh.

This ambitious investment is set to revolutionize connectivity for millions, particularly benefitting the lakhs of travellers and pilgrims who visit Ujjain, one of India’s most revered religious destinations. In FY 2023-24, the city welcomed 5.28 crore tourists, a number projected to rise significantly in the coming years, especially following the development of Mahakal Lok, which has further boosted religious tourism.

The absence of an operational airport has long been a challenge for Ujjain’s growth as a major pilgrimage and tourism hub. With air connectivity, the region is poised for economic upliftment, enhanced tourism, and improved accessibility for domestic and international travelers.

“We are honoured to be considered for this crucial infrastructure project. Fly Bharathi Aviation envisions playing a transformative role in India’s aviation ecosystem, and given an opportunity to develop Ujjain Airport aligns perfectly with our mission to enhance regional air connectivity,” said Girish Pillai, MD of Fly Bharathi Aviation.

This MoU marks a significant milestone in Madhya Pradesh’s commitment to strengthening its aviation infrastructure and unlocking new opportunities for tourism and economic growth. The development of Ujjain Airport could serve as a catalyst for regional development, ensuring that millions of devotees, business travellers, and tourists experience seamless connectivity.

About Fly Bharathi Aviation and Aeronautics Private Limited

Fly Bharathi Aviation and Aeronautics Private Limited is a Fly Bharathi Aviation and Aeronautics Private Limited, is a company formed with a vision to emerge as a flagship aviation company contributing to the nation’s aviation eco-system development. With strategic focus on infrastructure development, regional connectivity, and innovation, Fly Bharathi aims to bridge gaps in air travel accessibility, fostering economic and social progress.

If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

Business

Zam Zam Perfumers Redefines Indian Luxury with “The Elysian Collection” — Fragrance Stories of Heritage and Sophistication

New Delhi [India], November 8: Celebrating over three decades of olfactory excellence, Zam Zam Perfumers, India’s trusted name in non-alcoholic fragrances, proudly unveils its flagship luxury range — The Elysian Collection. Crafted for the modern connoisseur, this collection captures the soul of Indian perfumery while embracing international refinement. Founded in 1991 in the historic Hazrat […]

Read More
Business

Patel Retail Gets Technical Boost From Anand Rathi, Sees 14% Upside For Stock Price

Mumbai (Maharashtra) [India], November 8: Anand Rathi has featured Patel Retail Limited as its Pick of the Month, highlighting the company’s strong technical setup and potential short-term upside. According to the report, Patel Retail has exhibited a bullish divergence on the hourly chart, where the stock price has been forming lower lows while the MACD […]

Read More
Business

Globe Civil Projects Limited’s Outlook Revised To Positive By Infomerics

Mumbai (Maharashtra) [India], November 8: Infomerics Valuation and Ratings Private Limited. has revised the outlook for Globe Civil Projects Limited’s long-term bank facilities from Stable to Positive while reaffirming the rating at IVR BBB. The short-term rating of IVR A3+ has also been reaffirmed. The revision in outlook reflects Globe Civil Projects Limited’s strengthened capital structure […]

Read More