The Adani Group intends to submit a bid to establish duty-free shops at Macau International Airport, marking a move into the international arena for India’s largest airport operator.
In a filing with the stock exchange, Adani Enterprises, the leading company of the conglomerate headed by billionaire Gautam Adani, announced the successful incorporation of its wholly-owned subsidiary, MTRPL Macau Ltd, in Macau on November 20th.
The incorporation of the subsidiary is aimed at entering the duty-free industry.
“MML is incorporated for the purpose of bidding for duty-free liquor and tobacco shops at Macau International Airport,” it said.
In August, Macau International Airport (MFM) initiated an open tender for a sub-concession to provide duty-free liquor and tobacco services. The bidding period is set to conclude on November 29, as outlined in the tender document.
MFM is seeking an operator to manage duty-free liquor and tobacco services, with the option to include general merchandise retail services (excluding perfume and cosmetics) within the specified sub-concession areas at Macau International Airport.
The designed capacity of Macau International Airport enables it to accommodate up to 6 million passengers annually.
In recent years, Adani’s diversified group, spanning ports to edible oils, has expanded its portfolio to include emerging sectors such as data centers, cement, telecommunications, and media.
In 2019, the group entered the airport sector by securing operation and management contracts for six airports: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram.
Moreover, it possesses a 73% stake in Mumbai International Airport Ltd, which, in turn, holds a 74% stake in Navi Mumbai International Airport Ltd.
Adani Airport Holdings Ltd, a subsidiary of Adani Enterprises, stands as the largest airport infrastructure company in the country, overseeing eight airports in its management and development portfolio. As indicated on its website, it plays a pivotal role, accounting for 25% of passenger footfalls and 33% of India’s air cargo traffic.
Over the past few months, Adani Airport has acquired AirWorks, the country’s oldest air maintenance, repair, and operations (MRO) firm. Additionally, the company is exploring the possibility of acquiring AI Engineering Services (AIESL), the MRO unit of Air India.
