Tuesday, October 17, 2006

Duty-free shops: ITDC seeks private participation

New Delhi: ITDC wants private participation in turning its airport duty-free shops into world beaters.
India Tourism Development Corporation’s (ITDC) boring old duty-free shops have been around for ages. But can they jazz themselves up to move with global trends? The state-owned corporation certainly thinks so.
“ITDC is prepared to go into a joint venture with a private party,” says a senior ITDC official, adding though that “there is no question of selling a stake in our duty-free business.”
Are private players interested? Oh, yes. Atul Ahuja, director, Flemingo International, one of the other duty-free players in India, for example, says that it is avidly looking out for all possible duty-free opportunities in India. Flemingo has shops at 12 airports across India at the moment.
17/10/06 Ravi Teja Sharma/Business Standard
To Read the News in full at Source, Click the Headline


Post a Comment