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GMR invites fresh bids for duty-free shops at Hyderabad airport

GMR invites fresh bids for duty-free shops at Hyderabad airport
PTI
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First Published: Tue, Apr 27 2010. 05 22 PM IST
Updated: Tue, Apr 27 2010. 05 22 PM IST
Hyderabad: The GMR Group, which is operating the Rajiv Gandhi International Airport here, has invited fresh bids for taking over the management of duty-free shops at the airport, a top official of the group said on Tuesday.
The present operator, Nuance Group AG, has decided to stop operations of the duty-free shop from 31 May citing weak sales at the airport. Nuance Group was awarded the seven-year contract in 2007.
“The tenders would be finalised shortly to select the new operators. Efforts are on to complete the process by 7 May, so that the new operator can commence operations by June,” the official associated with the development told PTI.
“The Duty Free operations did not reach its full potential during the first year of operations. Further during mid 2009, two shops were closed due to non-clearance from the Customs Department which further weakened sales,” a source said.
The Airport officials and Nuance Group subsequently had discussions on amending the contract to reflect the current situation. However, they could not reach an agreement to restructure the contract and Nuance Group decided to stop operating at Hyderabad Airport from 31 May.
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First Published: Tue, Apr 27 2010. 05 22 PM IST