Mumbai: Gulf-based Emirates Group has signed an initial agreement with the Andhra Pradesh government to support the development of aviation infrastructure in the state. The international aviation company has signed the pact along with its affiliated entities.
Under the agreement, the Group will share industry expertise and identify development and investment opportunities in Andhra Pradesh, a company release said here.
Under the memorandum of understanding (MoU) signed between the Andhra Pradesh Economic Development Board (APEDB) and Emirates Group, the two partners will establish a framework for collaboration in various aviation areas to support and invest in the development of the state’s aviation sector, the release said.
On Thursday, Emirates Group was inadvertently mentioned as Etihad Group. Besides, the two parties will look to collaborate in areas such as the potential development of aviation facilities and skills development projects in the state.
The MoU was signed by Sheikh Ahmed Bin Saeed Al Maktoum, chairman and chief executive of Emirates Airlines and Group, and APEDB chief executive officer Krishna Kishore in the presence of representatives from both parties, it said.
“The Emirates Group is committed to future investment and expansion in support of India’s 2020 goal to be the world’s third largest aviation market. “We recognise that airlines have a major role to play as facilitators of economic and industrial growth, and strategic partnerships such as this are very important to achieve that,” Al Maktoum S said.
“Through this agreement, Emirates and flydubai (the budget arm of the Group) will work closely with APEDB to share expertise, discuss opportunities, enhance and support the growth of the aviation sector in Andhra Pradesh,” he added.
Commenting on the tie-up, Kishore said he is confident this partnership will be a major boost to APEDB’s strategic efforts to elevate, enhance and develop the aviation industry in Andhra Pradesh.
“It will contribute positively to AP’s economic growth as well as help build a stronger framework for industrial and infrastructural development,” he added.