Adani Group bids for duty-free shops at Macau Worldwide Airport

Business Standard

The Adani Group is planning to bid for duty-free shops at Macau Worldwide Airport, as India’s largest airport operator spreads its wings overseas.

In a inventory alternate submitting, Adani Enterprises, the flagship of the group run by billionaire Gautam Adani, stated it accomplished the institution of a wholly-owned subsidiary, MTRPL Macau Ltd, in Macau on November 20.

The subsidiary was established for the aim of getting into into the duty-free business.

“MML was established for the aim of bidding for duty-free liquor and tobacco retailers at Macau Worldwide Airport,” it stated.

Macau Worldwide Airport (MFM) in August launched an open tender for a sub-concession for duty-free alcohol and tobacco providers. Bids shut on November 29, in keeping with the tender doc.

It stated MFM is searching for “an operator to function duty-free alcoholic drinks and tobacco providers, optionally with or with out normal merchandise retail providers (however not perfumes and cosmetics), with designated sub-concession areas at Macau Worldwide Airport.”

Macau Worldwide Airport has a design capability to deal with 6 million passengers yearly.

Adani Group, which converts ports into edible oils, has in recent times ventured into new companies together with knowledge centres, cement, telecommunications and media.

It entered the airport enterprise in 2019, after profitable operation and administration contracts for six airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram.

Furthermore, it owns 73 per cent in Mumbai Worldwide Airport Restricted, which in flip owns 74 per cent in Navi Mumbai Worldwide Airport Restricted.

With eight airports in its administration and improvement portfolio, Adani Airport Holdings Ltd, a unit of Adani Enterprises, is the nation’s largest airport infrastructure firm, accounting for 25 per cent of passenger visitors and 33 per cent of air cargo visitors in India, in keeping with knowledge Firm. web site.

In latest months, Adani Airport acquired AirWorks, the nation’s oldest air upkeep, restore and operations (MRO) firm. Additionally it is seeking to purchase AI Engineering Providers (AIESL), Air India’s MRO unit.

(Solely the title and picture of this report might have been reworked by Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

(tags for translation) Adani Group (R) Macau Worldwide Airport

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