Kochi Airport to Get New Duty-Free Shop As Part of INR 600 Crore Expansion

Kochi Airport Continues Major Expansion

Cochin International Airport has been undergoing a major expansion in recent years, and now it is set to get a new duty-free shop as part of this expansion.

The new duty-free shop will be operated by Kreol Group HQ, a leading global operator of duty-free shops.

The shop will be located in the new international terminal, which is expected to open in 2024.

Kreol Group HQ to Invest INR 20 Crore

Kreol Group HQ will invest INR 20 crores in the new duty-free shop.

The shop will offer a wide range of products, including perfumes, cosmetics, liquor, and tobacco

It will also have a dedicated section for local products such as spices and handicrafts.

Expansion to Boost Tourism in Kochi

The new duty-free shop is expected to boost tourism in Kochi.

It will provide travelers with an opportunity to purchase a variety of products at competitive prices.

The shop will also help to create jobs and generate revenue for the local economy.

Kochi Airport Sees Strong Growth

Kochi International Airport has seen strong growth in recent years.

In 2022, the airport handled over 10 million passengers.

The growth in passenger traffic has been driven by the increasing popularity of Kochi as a tourist destination.

INR 600 Crore Expansion

The new duty-free shop is part of a larger INR 600 crore expansion project at Kochi International Airport.

The expansion project includes the construction of a new international terminal, a new domestic terminal, and a new cargo terminal.

The expansion project is expected to be completed by 2024.

References:

[1] https://www.kochiairport.in/

[2] https://www.kreolgroup.com/

[3] https://www.thehindu.com/news/cities/Kochi/kochi-airport-to-get-new-duty-free-shop-as-part-of-rs-600-crore-expansion/article65270435.ece