Wanna shop? Head to the airport

19117 Investors following Pantaloon Ret. Share this News with them.

0

Like this story, share it with millions of investors on M3

Wanna shop? Head to the airport

You might not have to travel abroad to pick up your favourite scotch or perfume. Soon you will need to go no further than the airport, because that's where Indian retailers are flocking. CNBC-TV18 finds that airport retailing is set to become a USD 600 million business.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from India Business Hour on CNBC-TV18 Watch the full show » RELATED NEWS Air India to take-off from Suvarnabhumi Int'l Airport India is fastest growing market for global aviation sector Wait in the sky over Delhi airport to end India's infrastructure spend inadequate Delhi, Mumbai Airports get set for a facelift ALSO READ See latest News about Pantaloon Ret See previous management interviews See what other Experts & Brokerages are saying about Pantaloon Ret Pantaloon Ret BSE | NSE 30/05/12 Are Mutual Funds betting on Pantaloon Ret? Other Stocks in this news Shoppers Stop |

Paul Topping, MD - Asia, Alpha Airports Group says, "By 2010, if the airports develop the way we think they will and add to that retail space, you should be talking about a USD 600 million business."

Pantaloon and Shoppers' will bid for retail space at Bangalore, Hyderabad, Delhi and Mumbai airports. Pantaloon says it will invest between USD 8-16 million at each airport. So, in a few years, these stores will be set to take off at airports.