Port-to-power behemoth Adani Group is set to enter the airport business with an international airport at Mundra, Gujarat. The group has firmed up plans to upgrade the existing airstrip at Mundra to a full-fledged commercial airport with integrated cargo and aerospace operations.

The conglomerate, which has received environmental clearance for the project, plans to invest around Rs 1,500 crore in it. In 2008, the government allowed fully owned private airports without any equity participation from the Airports Authority of India (AAI). However, central agencies will oversee ...