Air India JV to invest in cargo hub

Air India, the government airline company said, that a joint venture with Singapore Airport Terminal Services will $18.1 mn to set up a cargo handling facility in Bangalore.

The facility, to be constructed by January 2008, will have the capacity to handle 150,000 tonnes of cargo, an Air India statement said.

It would also handle perishable and specialized cargo including courier and mail.

Air cargo is gaining importance in India with the entry of large retailers and rising demand for fresh food and vegetables.