Government plans to sell Air India's iconic Mumbai building to JNPT
Updated : June 28, 2018 07:45 AM IST
The government has started discussions for sale of Air India's iconic building in Mumbai to the country's biggest container port Jawaharlal Nehru Port Trust (JNPT) as part of efforts to raise funds for the cash-strapped national carrier, sources said.
Official sources told PTI that the proposal has received in-principle approval from Prime Minister Narendra Modi, following which an inter-ministerial panel has been constituted to work out the modalities.
Air India's 23-storey building at Nariman Point, Mumbai, which was also once the airline's headquarters, is a prime property and is likely to fetch high valuations.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more