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ITDC eyes port and rail developmentsITDC eyes port and rail developments
Gavin Lipsith
31-Mar-2006
The Indian retailer looks beyond airports to increase its market share
India Development Tourism Corp is pursuing duty-free opportunities at railway stations and ports in an attempt to grow its business, according to a report in the Indian Economic Times. The company announced its ambitions as it forecast a 14% increase turnover for its total business – including duty-free, hotels, tours and travel – for the financial year 2005-6, to Rs4bn ($90m).The company is examining fresh opportunities on the recently re-opened rail links with Pakistan, and is set to open to stores at railway crossing points, at Munabao rail station in Rajasthan and a near the border at Wagah. The company will also open its first port store this year, at Mumbai port.
Duty-free retail accounts for 38% of ITDC's revenue, and the company has doubled its duty-free revenues in the past two years.
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(21-May-2008) - The state-owned Indian retailer confirms it is investigating long-term projects at the country’s ports and railway stations, and will seek opportunities around the world
(1-Sep-2002) - INDIA. India Tourism Development Corp (ITDC), which operates the duty-free shops at the country?s international airports, has criticised the Indian Duty Free Association (IDFA) for claiming to act as an intermediary for suppliers trying to enter the market.
(21-Sep-2002) - India Tourism Development Corp (ITDC), which operates the duty-free shops at the countrys international airports, has criticised the Indian Duty Free Association (IDFA) for claiming to act as an intermediary for suppliers trying to enter the market
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