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23 Oct 2024 CW Team

According to a recent KPMG report, the global sustainable tourism market is projected to reach approximately $ 9.17 trillion by 2032. Aligned with this, with its diverse portfolio of 345 hotels, including 115 under development across four continents and over 130 locations, IHCL is gearing up for significant expansion in the coming years, Suma Venkatesh, Executive Vice President, Real Estate & Development, IHCL, informs CW.

What are IHCL's key expansion plans in the coming years and how are they aligning with the evolving trends in India's hospitality sector?
IHCL’s re-imagined brandscape including Taj, SeleQtions, Tree of Life, Vivanta, Gateway and Ginger caters to a wide range of customer segments. With its diverse portfolio of 345 hotels, including 115 under development across four continents and over 130 locations, IHCL is gearing up for significant expansion in the coming years. This growth is largely driven by increasing disposable incomes and changing travel preferences in India, where hospitality is evolving from a luxury to an essential aspect of modern life. Enhanced connectivity across the country has spurred unprecedented demand, particularly in Tier 2 and Tier 3 cities, which now account for nearly 70 per cent of the industry’s development pipeline...

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Equipment

31 Jul 2026

CASE India appoints Sachin Tare to lead manufacturing

CASE Construction Equipment, a brand of CNH, has appointed Sachin Tare as Director – Manufacturing to lead manufacturing operations at its Pithampur facility near Indore, Madhya Pradesh. In his new role, Tare will focus on improving operational efficiency, quality and productivity while supporting the company’s growth in India and global markets.Tare brings over three decades of experience across manufacturing, supply chain, operations and business transformation in the engineering and automotive sectors. He spent nearly 30 years with Mahindra & Mahindra, where he held leadership posit..

Bondada Enters Defence Sector with KCS Engineering Acquisition

Bondada Engineering Limited, a renewable energy and infrastructure solutions company, has announced its entry into the defence and aerospace sector through its subsidiary Bondada Dynamics Private Limited (BDPL), which has entered into a Business Acquisition Agreement to acquire a 75% ownership stake in KCS Engineering Solutions.As part of the strategic expansion plan, KCS Engineering Solutions will be converted into a private limited company, proposed to be named BKCS Technologies Private Limited, with the “B” representing Bondada. Following the conversion, BKCS Technologies will operate a..

REC, PFC Fund Rs 268.5 Billion Meja Power Project

REC Limited and Power Finance Corporation (PFC), Maharatna CPSEs under the Ministry of Power, have signed a Common Loan Agreement with Meja Urja Nigam Private Limited (MUNPL) for a loan amount of Rs 268.5 billion for the development of the 2,400 MW Meja Thermal Power Project Stage-II in Prayagraj, Uttar Pradesh.MUNPL is a 50:50 joint venture between NTPC Limited and Uttar Pradesh Raj Vidyut Utpadan Nigam Limited (UPRVUNL). The project involves the construction of three ultra-supercritical units of 800 MW each, equipped with an Air Cooled Condenser (ACC) system. The estimated project completion..