Source: Business Standard, Feb 25, 2020
Mumbai: The airport retail segment in the country is expected to grow to $9.3 billion (about Rs 66,000 crore) by 2030 from $1.4 billion (about Rs 9,940 crore) at present, with as much as $2 billion (about Rs 14,200 crore) coming from duty-free sales, a report said on Tuesday.
Real estate opportunity for Indian airport operators is projected to be $1.6 billion (about Rs 11,350 crore) by 2030, global property consultancy Knight Frank said in its report on transit retail.
“The total opportunity for airport retail to be approximately $9.3 billion by 2030 from its current estimated market size of $1.4 billion in 2019,” it said. Read the rest of this entry »