Mega airports like Delhi’s Indira Gandhi International Airport and Mumbai’s Chhatrapati Shivaji Maharaj International Airport should not just be seen as airports, but also mega shopping and hospitality centres and integrated real estate developments. Reason: their non-aeronautical revenues have steadily grown over the past few years, and now account for the lion’s share of the their overall revenues.
Similarly, Delhi Metro, in addition to being a mass rapid transit system, is also a project consultant and revenues from this earns more for the transporter than its core passenger operations. And for the Indian Railway Catering and Tourism Corporation (IRCTC), its relatively new e-ticketing services generated far more profits than its core catering and bottled water business in FY23, even though it accounted for a smaller share of the revenue pie.
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in