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Fun Fact
Total funding amounts to $125.3M.
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Logistics start-up Avicore Aviation Pvt. Ltd plans to invest $100 million, or about Rs400 crore, to launch a new cargo airline before mid-2008 from the country’s first dedicated cargo airport at Nagpur. The main Indian promoter is Abhay Lodha, which has interests in steel and power plants, along with Avicore Aviation chief executive Shankar Devarajan.
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