India-EU FTA Boosts USD5B SP-PLUS Switzerland-Fly Bharathi Partnership
Jan 30, 2026
New Delhi [India], January 30: SP-PLUS AG, a Switzerland-based investment and development firm, and FLY Bharathi Global Investment LLC, a Dubai-headquartered aviation investment company, announced today the formation of a groundbreaking joint venture to finance and develop the Ujjain Airport project in India. The partnership will leverage an innovative gold-backed digital bond mechanism--secured by 2,500 kilograms of physical gold with an approximate value of USD 322 million--to raise EUR 250 million in capital over a four-year development cycle.