New Delhi: With annual revenues from airport retailing in India — which includes duty-free sales — set to cross $1 billion this year, two Miami-based firms, Duty Free Air and Ship Supply (DFASS) and In-flight Services Worldwide, have queued up before the government agencies seeking permission to operate in the country.
These firms have joined a long list of overseas operators who have come to India to offer duty-free services. These include Switzerland-based Dufry, Dubai-based Flemingo, Turkish firm Setur Sevis Turistik, Dublin-based Aer Rianta International, and Spanish firm Aldeasa, among others.
Experts say there are three reasons for overseas airport retailers flocking to India — the healthy 20%-plus growth rate; the increase in retail space on some of the existing international airports; and increasing footfall and per passenger spend on airports.
10/10/11 Nirbhay Kumar/Ashish Sinha/Financial Express
To Read the News in full at Source, Click the Headline
0 comments:
Post a Comment