Treasury rules out blanket tax deal for Adani, opens JKIA bids

Indian billionaire Gautam Adani speaks during an interview at his office in the western Indian city of Ahmedabad on April 2, 2014. Reuters

The Treasury has ruled out a blanket tax exemption for India’s Adani under its proposal to manage the Jomo Kenyatta International Airport (JKIA) as the State opened window for rival bids.

Treasury Cabinet secretary John Mbadi Tuesday told the National Assembly Committee on Public Debts and Privatisation that any application on tax exemption by Adani will be reviewed and must be in line with the law.

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