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Friday, July 10, 1998

Inquiry ordered into delay in decision on duty-free shops

PRESS TRUST OF INDIA  
NEW DELHI, July 9: Government has ordered an inquiry into the inordinate delay in taking a decision on the bids for setting up of duty-free shops at the international airports, Lok Sabha was informed today.

Announcing this in the House during question hour, Minister for Civil Aviation Ananth Kumar said the Airport Authority of India had received bids in 1995 in response to its advertisement for consultants and consolidators to assist in running of duty free shops at the country's five international airports.

These bids have now been finally examined and AAI is renegotiating with the bidders, the minister said in reply to a question.

The duty free shops being run by ITDC has a turnover of Rs 75 crore, but the revenue incurred by AAI was only Rs 7.5 crore, the minister said. Through the new bids, AAI plans to earn Rs 50 crore, he said.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


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