 "GMR")
GMR Airports Limited (GAL) has signed concession agreement with Kannur International Airport Limited (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.
At present, the company operates such outlets at major airports like Delhi and Hyderabad.
A significant number of diaspora from the Kannur region works in the Middle East, and
