The award, conferred by the UK-based Mars International Travel Retail (MITR), would be received at the Tax Free World Association (TFWA) asia pacific retail conference at Singapore on May 13, CIAL Managing Director S Bharat said at a function at the Cochin Duty Free yesterday.
The Cochin Duty Free shop at the Nedumbassery airport here, which accounts for 30 per cent of CIAL's annual revenue, has registered a 44 per cent growth in revenue in 2007-08, netting Rs 42 crore turnover against the previous year's Rs 32 crore, he said.
An additional 5,000 square feet of duty free shop space would be added at CIAL's new international arrival terminal getting completed soon, he said.
Many promotional schemes launched by the Duty Free had helped boost its sales, of which foreign liquor accounted for a major chunk, he added.
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