The focus of the joint venture will be on commercial flight services, aircraft maintenance and repairs, flying school activities, operational management and development.
A committee comprising senior ministry secretaries is to be appointed to study the Indian proposal further.
By 31 December 2016, the airport’s losses stood at 112.9 million US dollars (Rs. 15,600 million).
Proposals had been called to run the airport as a high-income state-private sector venture.