Duty-free, ad sales set to take off in Delhi airport

New Delhi: The GMR-led consortium that bagged the Delhi airport modernisation project hopes to generate Rs 470 crore from non-aeronautical sources of business, including duty-free shops, advertisements, foods & beverages, car rentals, ground-handling and cargo in the first full year of operations, 2007-08. This is a 56% jump from what Airports Authority of India (AAI) collected from such sources in 2005-06.
Delhi International Airport Ltd, the company that is executing the project, hopes to extract maximum value duty-free shopping, car park and advertising. These three businesses are expected to grow 250%, 90% and 215%, respectively in 2007-08.
DIAL had awarded the duty free shopping contract to a consortium of US-based Alpha Airports Group Plc and Pantaloon Retail (India) Ltd, a Future Group venture. The venture is projected to generate sales of Rs 500 crore for DIAL in the next three years.
Analysts said Asia accounts for over a third or 35% of the global duty free sales.
26/03/07 Atreyee Dev Roy/Financial Express

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Categories: Airports Mar 2007