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

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Capital Market
Last Updated : Jan 18 2020 | 10:32 AM IST
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 GMR's airport portfolio.

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First Published: Jan 18 2020 | 10:03 AM IST

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