GVK to Manage Bali Duty-free Operations
The Indian conglomerate will manage, operate and develop commercial facilities at Bali International airport, quote from dfnionline.com.
Indian company GVK has signed a contract with Indonesian airport authority Angkasa Pura Airports to manage, operate and develop commercial facilities at Bali International airport, the second-busiest in the country. The agreement includes the existing terminals and the new international facility currently under construction, which is expected to open in the third quarter of 2013.
According to the company, the Indonesian government is now focusing on developing the country’s airport infrastructure, creating economic development opportunities in and around Bali and improving revenue from duty-free, food and beverage, other retail and services. GVK is also developing an international greenfield airport in Yogyakarta in central Java in collaboration with the government of Indonesia.
GVK Power and Infrastructure vice-chairman G V Sanjay Reddy said, “Retail, food and beverage and duty-free are significant components of the passenger experience at any airport. We are very excited by the opportunity to provide passengers at the Ngurah Rai airport in Bali a truly world-class shopping experience, across brands, product variety and price points. This is also in line with our stated endeavour to take this airport to international standards and help Indonesia in realizing its growing potential as a key destination in the region.”
The company manages two of India’s busiest airports, Mumbai Chhatrapati Shivaji International and Bangalore International, which together handled about 44m passengers in the financial year 2011/12.Filed under: Headlines