The Hindu Business Line : Aldeasa-ITDC gets Mumbai airport retail contract

The details
Aldeasa-ITDC was chosen from five shortlisted bidders and the joint venture will start operating from June 1.
The duty-free shopping area is located in the international Terminal 2C at CSIA in Sahar.

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Mumbai Feb. 27 The Aldeasa-ITDC joint venture has secured the duty-free retail contract for Chhatrapati Shivaji International Airport (CSIA).

According to a press release issued by the Mumbai International Airport Pvt Ltd (MIAL) on Monday, the three-year contract is expected to generate revenue of Rs 571 crore. Aldeasa-ITDC was chosen from five shortlisted bidders, the others being the DFS Group, the Nuance Group AG-Shoppers' Stop joint venture, the Alpha Airports-Future Group joint venture and the Dufry-Interglobe joint venture.

The joint venture will start operating from June 1. The duty-free shopping area is located in the international Terminal 2C at CSIA in Sahar.

It is spread across 24,541 sq. ft, of which 14,585 sq. ft will be at the departure level, 8,395 sq. ft at the arrival level and 1,560 sq. ft will be for storage.

Aldeasa is headquartered in Madrid, Spain, and has been in the duty-free business for more than 30 years.

The company operates 183 airport shops at 40 airports in 14 countries and is the fourth largest airport duty free retailer in the world with sales of over $600 million in 2005.

The duty-free division of ITDC operates from 10 airports in India.

"We are sure that Aldeasa-ITDC's global expertise in travel retailing will enable them to cater to the shopping interests of local and international travellers alike, and create a new standard in duty free shopping in India," said Mr G.V. Sanjay Reddy, Managing Director, MIAL, in a statement.

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