Bonanza for air travellers as more firms line up for duty-free shops

New Delhi: International air travellers flying from Delhi and Mumbai will soon have more shopping options.
The Irish duty-free major Aer Rianta International and South African duty-free company Tourvest Holding have made proposals before the Foreign Investment Promotion Board to set up duty-free shops.
Analysts feel that with the new players getting into the nascent airport retailing business and existing ones looking to add more brands and categories, the shopping experience will become even better for travellers.

South African firm Tourvest Holding has proposed to form a joint venture and invest Rs 18 crore to set up duty-free shops while Aer Rianta International, Ireland, along with its subsidiary Cardose Ltd, is keen to set up a 50:50 joint venture company Buddy Duty Free Service. Both these firms are eyeing the duty-free business opportunity in Mumbai airport.
In September 2012, Tourvest, through its wholly-owned subsidiary African Tourism Holding, had entered into an MoU with Bombay Swadeshi Stores (Bombay Stores) to form a consortium to bid for setting up duty-free shops at Mumbai airport.
Read News In Full 22/09/13 Business Line