Saturday, October 15, 2016

Branded retail shops likely in airport

The Airports Authority of India (AAI) will call a tender in a week to identify a contractor to set up branded retail shops in the domestic and international terminals at the Chennai airport.
Airport officials hope that the attempt will work this time as the terms and conditions have been tweaked so as to keep it attractive for the big names in apparel, leather goods, stationery and books, handlooms, handicrafts and other things. Though food and beverages and duty-free contracts were awarded and new stalls set up a long time ago, setting up of stores was getting delayed.
One master concessionaire will be appointed to rope in big names in retail, to allot space and generate revenue for the airport operator. Earlier, the AAI used to give individual contracts to retail shops. This system was discontinued as the process was cumbersome.
The two earlier attempts to rope in brands failed due to lack of response in the past two years. Airport director Deepak Shastri said, "We have analysed what led to poor response last time. The contract will be reviewed based on the analysis. The tenders are likely to be floated within a week."
15/10/16 The Times Of India

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