2 January 2007

gmr

GMR Infrastructure - GMR DIAL announces attractive absorption policy for Airports Authority of India employees at IGI Airport
12/19/2006

GMR Infrastructure Ltd has announced that the Board of Directors of Delhi International Airport (P) Ltd (DIAL), a subsidiary of the Company, on December 18, 2006, has approved the proposal for the absorption of all General Employees of Airports Authority of India (AAI), working at Indira Gandhi International Airport, New Delhi.
DIAL is a joint venture company (JVC) comprising, GMR Group, Airports Authority of India, Fraport AG, Malaysia Airport and IDF.
As per the 'Operation, Management and Development Agreement' (OMDA), signed between AAI and DIAL, DIAL is to make offer of employment to a minimum of 60% of AAI employees based at IGI Airport during the Operation Support Period. The terms of the offer should be no less attractive in terms of salary and position, than the existing terms of employment.
It is observed that some of the employees have lot of inhibitions / apprehensions that in case DIAL was to offer and absorb 60% of the employees on selection basis, what will happen to the rest of the employees. Further, the employees are also concerned about being posted outside Delhi after the Support Period which may impact their children's education and well-being of their aging parents.
In order to address these concerns of the employees, DIAL has decided to extend the offer to all 100% AAI employees based at IGI Airport, New Delhi.
The salient features of the offer are as follows:
- All General Employees AAI to be given 2 increments on their basic salary, in their current scale.
- A one time lump sum joining bonus to be given to AAI employees.
- Effect of revision of pay and allowances due from Jan 01, 2007 will be protected.
- All existing benefits, designation, welfare measures, general conditions and leave entitlement wilt remain same.
- The employees will be given an opportunity to upgrade their skills to meet the future challenges effectively by imparting extensive training.
The attractive and fair offer would not only incentivise over 2300 AAI General Employee to exercise their option but would also mitigate and eliminate the uncertainty in their minds and will address concern(s) about their future career with IGI.
The DIAL management is confident that the offer will help speed up the modernisation process. The process of training and upgrading skills of all employees to match up to the technological advancement and ambitious target to achieving 3.5 Airport Service Quality ASQ will accelerate the process of converting the IGI airport into a world class airport before the Common Wealth Game 2010
As part of the recently submitted Master Plan to the Ministry of Civil Aviation and Airports Authority of India for the modernization of Indira Gandhi International Airport, DIAL will construct a new runway by 2008 to supplement the existing two. Cat III B complaint, 4430 m long Code F runway would be able to host A 380 type wide bodied large aircrafts.
In addition a brand-new integrated passenger terminal to cater to domestic and international traffic will also be built. This terminal will become operational in March 2010 and in its first phase be able to handle more than 37 million passengers per annum. The airport is being designed with an ultimate capacity of 100 million passengers per annum.
GMR Infrastructure Ltd has informed that some of the world's most famous brands are now coming to the Delhi airport. Delhi International Airport (P) Ltd (DIAL) has awarded the Duty Free Shopping Contract for Indira Gandhi International Airport to 'Alpha - Pantaloon Consortium'. The consortium comprises the UK based Alpha Airports Group Plc and Pantaloon Retail (India) Ltd, a Future Group venture. An agreement was signed between GMR DIAL, and Alpha-Pantaloon Consortium.
The value of the contract for DIAL is at least Rs 500 crore. The term of the contract is 3.25 years.
The consortium promises to bring international retailing standards to Indian airports. The Alpha stores at Delhi Airport will feature an extensive range of products by some of the largest & most popular brands in the world. The brands for India have been selected after careful research in passenger demographics, customer profiling & destination requirements. Passengers can choose from brands such as Armani, Gucci, Christian Dior, Calvin Klein, Nike, Swatch etc.
Asia accounts for nearly 35 percent of the global duty free sales. Indians, especially are avid shoppers. The booming economy and international air traffic in India have created major opportunities in duty free sales in the country as well. No longer is duty free shopping just about loading up with as much cut-price liquor and tobacco as customs regulations back home allow. Instead, airports are increasingly becoming upscale bazaars, retailing premium goods, electronic products, gourmet foods and fashion accessories.
Alpha Airports Group Plc has extensive experience in duty free retailing with more than 140 retail outlets across 40 locations in the UK, Europe, USA, and South Asia. In Asia it has outlets in Cochin, Colombo, Kathmandu and Male.
Speaking on the occasion, Mr. Srinivas Bommidala - Managing Director DIAL said, "We are extremely pleased to appoint Alpha Future as the duty free operator for the Delhi Airport. Their extensive experience across the globe and in the country matches DIAL's vision for providing world class experience to travellers at the Delhi Airport."
DIAL is currently building a modern airport with state of the art facilities for Delhi. The first phase of the airport would be ready with the completion of a new integrated terminal building in 2010. This new terminal will cater to both domestic and international passengers and will be capable of handling 37 million passengers per annum. Prior to that a new domestic airline terminal and a third runway to complement existing two would be built by 2008.
GMR Infrastructure Ltd has informed that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of the Company has tied up with Accor Hotels and Resorts, Singapore, for operating its first Business Hotel at Rajiv Gandhi International Airport in Shamshabad.
The construction of hotel will commence shortly and become operational by the time new international airport takes off in March, 2008. The hotel will come up in a five-acre site approx. 2.75 km from the Passenger Terminal Building (PTB). The hotel, in all, will have 300 keys, of which 120 will be developed in the first phase.
The agreement is being entered with Accor group of hotels, Singapore. Accor operates in nearly 100 countries.
The lease term for operating the hotel is for a period of ten years, which can be extended further on mutual agreement. As per the agreement, Accor will operate, manage and maintain the Hotel in accordance with Novotel Brand standards as followed worldwide. Accor will also provide Technical support during the construction stage to build the hotel as per Novotel standards.

by erectusplus at 15:35:00 |

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