Tuesday, December 5, 2023
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Adani to bid for duty-free shops at Macau airport

Adani Group is planning to bid to set up duty-free shops at Macau International Airport, as India’s largest airport operator looks to spread its wings overseas.

In a stock exchange filing, Adani Enterprises, the group’s flagship firm run by billionaire Gautam Adani, said it has completed the incorporation of its wholly owned subsidiary, MTRPL Macau Ltd, in Macau on November 20.

The subsidiary is incorporated for the purpose of participating in the duty-free industry.

“MML is incorporated for the purpose of bidding for the duty-free liquor and tobacco shops at Macau International Airport,” it said.

Macau International Airport (MFM) launched an open tender for the sub-concession of duty-free alcohol and tobacco services in August. According to the tender document, bids will close on November 29.

It states that MFM is looking for an operator to operate with defined sub-concessional areas at Macau International Airport, optionally with general merchandise retail services (but no perfumes and cosmetics) with or without charging. -Can operate free alcohol and tobacco services. Macau International Airport has a design capacity to handle 6 million passengers per year.

Adani’s edible oil conglomerate has in recent years ventured into new businesses including data centres, cement, telecom and media.

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It ventured into the airport business in 2019, after winning operations and management contracts for six airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram.

Additionally, it holds a 73 per cent stake in Mumbai International Airport Limited, which in turn holds a 74 per cent stake in Navi Mumbai International Airport Limited.

With eight airports in its management and development portfolio, Adani Airport Holdings Limited, a unit of Adani Enterprises, is the country’s largest airport infrastructure company, accounting for 25 percent of India’s passenger footfall and 33 percent of air cargo traffic. . Website.

In recent months, Adani Airport has acquired Airworks, the country’s oldest air maintenance, repair and operations (MRO) firm. It is also looking to acquire AI Engineering Services (AIESL), the MRO arm of Air India.

(This report has been published as part of an auto-generated syndicated wire feed. No edits to the headline or body have been made by ABP Live.)



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