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regular-article-logo Sunday, 29 September 2024

Adani group plans to bid for duty-free shops in Macau international airport

Adani’s ports-to-edible oil group has in recent years ventured into newer businesses including data centre, cement, telecom and media

PTI New Delhi Published 22.11.23, 10:11 AM
Representational image

Representational image File image

The Adani group plans to bid for setting up duty-free shops at the Macau international airport, as India’s largest airport operator spreads its wings overseas.

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

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The subsidiary has been incorporated to get into the duty-free industry.

“MML is incorporated to bid for duty-free liquor and tobacco shops at Macau International Airport,” it said.

Macau International Airport (MFM) in August had launched an open tender for a duty-free liquor and tobacco services sub-concession.

Bids close on November 29, according to the tender document.

It said MFM is looking for an “operator to operate duty-free liquor and tobacco services, optionally with or without general merchandise retail services (but no perfume and cosmetics), with the defined sub-concession areas at Macau International Airport.”

Macau international airport has a design capacity to handle 6 million passengers per year.

Adani’s ports-to-edible oil group has in recent years ventured into newer businesses including data centre, cement, telecom and media.

It ventured into the airport business in 2019, after it won operation and management contracts for six airports Ahmedabad, Lucknow, Mangalore, Jaipur, Guwahati and Thiruvananthapuram.

Besides, it holds 73 per cent of Mumbai International Airport Ltd.

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