Mumbai International Airport (MIAL) has tied up with the city-based Travel Food Services (TFS) for developing the food and beverage space in the two airports.

“As part of the deal, TFS will develop 35,000 sq ft of space for F&B offerings at the domestic and international terminals,” said Sunil Kapur, Chairman, TFS.

The company will invest Rs 1.5 billion, funded by a mix of internal accrual and debt, in the next 18-24 months.

“According to our research, on an average, while passengers spend over Rs 120 buying food and beverage at the airports across the world, in India, the expenditure is limited to only to Rs 40. Therefore, we see a huge untapped potential in this space,” Kapur added.

He added that hygiene, quality and high prices deterred passengers from eating at airports.

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