New company to manage duty-free outlets at Hyd airports
The GMR Group, which operates RGIAL here, set up a new company to manage the operations of duty-free outlets at Hyderabad international airport, as the exit of Nuance Group AG, which is managing the same, is coming nearer.
Hyderabad: The GMR Group, which operates
Rajiv Gandhi International Airport (RGIAL) here, set up a new
company to manage the operations of duty-free outlets at the
Hyderabad international airport, as the exit of Nuance Group
AG, which is managing the same, is coming nearer.
According to a senior official of the airport, the
`Hyderabad Duty-free retail limited` a 100 per cent subsidiary
of the GMR, will take over the operations from Nuance.
"We are trying to run duty-free outlets from June 1, the
day the contract with the Nuance Group expires. We are in the
process of acquiring necessary licenses to manage the
outlets," the official said.
The Nuance Group decided to severe the seven-year
contract with GMR Group to run the outlets at Hyderabad
Airport, citing poor sales.
The official hinted that the new company may go for a tie
up with some international firm experienced in running
duty-free outlets worldwide.
"We may go for similar setup that is exists in Delhi
Airport where we have a tie up with another firm and manages
duty-free," the official said.
AER RIANTA International (ARI), the Shannon-based airport
retail specialist, got the 15-year contract to operate a duty
free shop at the Indira Gandhi International Airport in Delhi.
The DIAL formed a joint venture with ARI and IDFS, an Indian
partner, with 49.9 per cent stake.
Sources close to the development said as many as 10 firms
evinced interest to run the outlets at the Hyderabad Airport.
However, some of the conditions laid down by the GMR are not
According to GMR Group, the Bidder should have a Duty
free retail turnover of at least USD 50 million or net worth
of at least USD 45 million as per the last audited balance
It was not clear that Hyderabad Duty-free retail limited
will explore opportunities to run duty-free shops in other