GMR Airports Limited , a subsidiary of GMR Infrastructure Limited, has announced that it has signed a concession agreement with Kannur International Airport Limited to develop, operate, maintain and manage the Duty-Free outlets at Kannur International Airport on an exclusive basis.
Under the concession agreement, GAL would design, finance and operate the DutyFree shops at Kannur International Airport for a period of 7 years, which is extendable by 3 more years. This is the first Duty Free concession outside GMR’s airport portfolio. With its high quality beaches, abundant forestry and wildlife, Kannur is a popular tourism destination of Kerala. A significant number of diaspora from the Kannur region works in the Middle East, and Kannur international airport caters to their flying requirements.
“We are very happy to be partnering with KIAL to develop, operate and manage the Duty Free outlets at Kannur International Airport. As one of the leading private airport developer-operators globally, GMR Airports has a strong track record of creating and delivering world-class airports and airport travel retail offerings including Duty Free outlets at major airports such as Delhi and Hyderabad. We are excited about the potential of Kannur International Airport and our aim is to bring best-in-class brands, offers and shopping experience to our passengers that are on par with the best globally” said SGK Kishore, Executive Director – South, GMR Airports.
The Kannur airport began its commercial operations in December 2018. It achieved a significant milestone of 1 million passengers in just nine months after its commissioning. It handled around 1.14 million passengers between April 2019 and November 2019, of which around 0.54 million were international.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.