Alpha Airports under lens for security lapses

New Delhi: The Foreign Investment Promotion Board (FIPB) has forwarded complaints against duty-free operator Alpha Airports group to the home ministry and the Directorate General of Export Promotion.
The FIPB’s missives, on March 5 and 6, have sought comments and appropriate action on the alleged security and immigration lapses committed by Alpha.
FIPB has also written to the UK-based Alpha asking how the company, which only has approval to set up a wholly-owned subsidiary in India, formed a joint venture and applied for a private bonded warehouse licence.
In January 2007, Alpha moved the FIPB seeking an amendment to its existing approval to become a “100 per cent owned operating and holding company for duty-free shops, flight kitchens and food and beverage outlets at Indian airports”.
The FIPB has acted on the basis of complaints from Member of Parliament and former Union minister Jagdish Tytler, who in mid-February wrote to Finance Secretary Ashok Jha, alleging that Alpha and its Indian joint venture, Alpha Future Airport Retail, have committed “serious violations of norms in policy and practices”.
14/03/07 Nayantara Rai & Siddharth Zarabi/Business Standard

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Categories: Airports Mar 2007, Foreign Mar 2007