New Delhi: Ratings agency ICRA has forecast that non-aeronautical revenues at Indian airports will grow by 16.6 per cent to touch Rs 16,150 crore over the next 10 years, driven by increase in scope of activities there and growing commercial orientation of the operators.
Revenues from such activities primarily consist of fees for the rights to operate businesses at the airport, and rental of leased land and premises.
Some of the common non-aeronautical activities include food and beverage business , duty-free shops, leasing of terminal space, and running car rentals/parking and hotels/motels.
Over the last 10 years, non-aeronautical revenues at domestic airports have increased at a CAGR of 22.9 per cent -- from Rs 450 crore in fiscal 2005 to Rs 3,500 crore in 2014-15, according to ICRA.
30/05/16 PTI/Economic Times
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Revenues from such activities primarily consist of fees for the rights to operate businesses at the airport, and rental of leased land and premises.
Some of the common non-aeronautical activities include food and beverage business , duty-free shops, leasing of terminal space, and running car rentals/parking and hotels/motels.
Over the last 10 years, non-aeronautical revenues at domestic airports have increased at a CAGR of 22.9 per cent -- from Rs 450 crore in fiscal 2005 to Rs 3,500 crore in 2014-15, according to ICRA.
30/05/16 PTI/Economic Times
