India, July 8 -- GMR Airports on Wednesday unveiled a multi-phase expansion plan for Dr Babasaheb Ambedkar International Airport in Nagpur, with an initial investment of Rs.300 crore to modernise the airport and a long-term roadmap to expand passenger, cargo and commercial infrastructure.

The announcement follows the completion of the airport's privatisation process and the handover of around 1,000 hectares of land by Maharashtra Airport Infrastructure Ltd (MIL) on June 25, enabling GMR Nagpur International Airport Ltd (GNIAL) to begin operations and initiate long-term development of the airport.

GBS Raju, chairman of GMR Airports, said the company viewed airports as drivers of regional development and said the Nagpur project reflected ...