Pantaloon Retail, the Rs. 1,868 crore flagship of Kishore Biyani owned Future Group and UK-based, US$ 530 million (UKP 279 million), Alpha Airports, which only a few weeks back signed an agreement to set shops at Indian airports, have won a Rs. 500 crore contract to set up duty-free shops at Indira Gandhi International Airport in New Delhi for a period of 39 months, according to GMR Infrastructure- the parent company of DIAL, which is a joint venture of GMR, Germany’s Fraport, Malaysian Airport, India Development Fund and Airports Authority of India. DIAL was earlier this year awarded the contract by the Indian government to modernise Delhi airport.
“We are pleased to appoint Alpha-Future as the duty free operator for the Delhi Airport. Their extensive experience across the globe and in the country matches DIAL’s vision for providing world class experience to travelers at the Delhi Airport,” DIAL Managing Director Srinivas Bommidala said.
Alpha Airports Group Plc has more than 140 retail outlets across 40 locations in the UK, Europe, USA and South Asia. In Asia it has outlets in Cochin, Colombo, Kathmandu and Male. Alpha-Pantaloon is expected to bring about a paradigm shift in retailing standards at Indian airports. Alpha Pantaloon shops would offer an extensive range of products of some of the largest and most popular brands in the world like Armani, Gucci, Christian Dior, Calvin Klein, Nike and Swatch.