New Delhi: In order to increase non-aeronautical revenue, Airport Authority India (AAI) has changed its policy of short-term tenders for the duty free shops in the airport.
It has now decided to increase the tender period to seven years instead of the existing three years period.
Sources said the move comes after the ministry found that as a public sector undertaking, AAI was being unable to invite interests from large companies.
After much delay, AAI had called for short-term tenders for three years to set up duty free and retail shops in Chennai, Kolkata, Ahmedbad and Jaipur airports.
However, many reputed brands did not participate out because the contract duration was only for three years and because of the uncertainty in privatisation of the airports.
11/01/16 Arindam Majumder/Business Standard
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It has now decided to increase the tender period to seven years instead of the existing three years period.
Sources said the move comes after the ministry found that as a public sector undertaking, AAI was being unable to invite interests from large companies.
After much delay, AAI had called for short-term tenders for three years to set up duty free and retail shops in Chennai, Kolkata, Ahmedbad and Jaipur airports.
However, many reputed brands did not participate out because the contract duration was only for three years and because of the uncertainty in privatisation of the airports.
11/01/16 Arindam Majumder/Business Standard
