Bangalore International Airport Ltd (BIAL) has applied for setting up an airport-based SEZ over 113 hectares at Devenahalli. Reportedly, the Karnataka Government has already issued a "no objection certificate" for the project.According to the project details, the airport with SEZ complex will have global outlets, retailing products like liquor, luxury and premium perfumes, cosmetics, arts and crafts from local artisans and international fashion, apparel, jewellery and accessories.
BIAL is promoted by Siemens Projects Ventures, Larsen and Toubro and Unique Zurich Airport, which collectively hold 74 per cent equity, while the remaining capital is owned by central and state agencies.
Days are not far when Kiranawallas, Panwallas, will apply for SEZ status. Wait a minute, why not notify India as an SEZ :-)
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