GMR Airports to develop and operate duty-free outlets at Kannur International Airport

GMR Airports to develop and operate duty-free outlets at Kannur International Airport

Jan 18, 2020 04:01 IST capital market

GMR Airports, a subsidiary of GMR Infrastructure, announced it has signed concession agreement with Kannur International Airport (KIAL) 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 Duty-Free 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 GMRs airport portfolio.

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