Last Updated : Monday, January 20, 2020 01:33:04

GMR to EXCLUSIVELY manage duty-free outlets at KANNUR INTL AIRPORT

NEW DELHI | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Indian Infrastructure major GMR Infrastructure Ltd said of having inked concession agreement with Kannur International Airport Ltd (KIAL) to develop, operate, maintain and manage the duty-free outlets at Kannur International Airport on an exclusive basis.

The press-release titled, “GMR Airports Limited to develop, operate, manage Duty-Free outlets at Kannur International Airport”, enclosed with the regulatory filing as submitted by the company to the Indian Bourses, further read that, GAL to operate Kannur Duty Free outlets for 7 years, extendable by 3 years and that GAL will design, finance, develop, operate, maintain and manage DutyFree outlets.


The release in details, further read that, GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, today announced it has signed concession agreement with Kannur International Airport Limited (KIAL) to develop, operate, maintain and manage the Duty-Free outlets at Kannur International Airport on an exclusive basis.

Under the concession agreement, GAL would design, finance and operate the DutyFree shops at Kannur International Airport for a period of 7 years, which is extendable by 3 more years. This is the first Duty Free concession outside GMR’s airport portfolio.

With its high quality beaches, abundant forestry and wildlife, Kannur is a popular tourism destination of Kerala.

A significant number of diaspora from the Kannur region works in the Middle East, and Kannur international airport caters to their flying requirements.


The Kannur airport began its commercial operations in December 2018.

It achieved a significant milestone of 1 million passengers in just nine months after its commissioning. It handled around 1.14 million passengers between April 2019 and November 2019, of which around 0.54 million were international.

Kannur is an important city in the state of Kerala.

The city is the administrative headquarters of the Kannur District and situated 518 km north of the state capital Thiruvananthapuram.

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