IGIA is India's first airport brownfield PPP project. The joint venture company incorporated by Airports Authority of India (AAI), GMR Group (GMR), Fraport and Malaysia Airports was awarded the concession to operate, manage and develop IGIA in 2006. The concession period is for the period of 30 years with a further option to extend the concession by another 30 years. Besides upgrading of the existing terminals, the consortium commissioned the new runway of 4.4 kilometer in year 2008.
The new domestic terminal (Terminal 1) was inaugurated in 2009, which will increase the capacity of domestic departures to 10. In year 2010, the construction of integrated passenger terminal (Terminal 3) was completed and has the capacity to handle an additional 34. IGIA was named the Best Improved Airport in the Asia Pacific Region by Airport Council International in year 2010.