Search Result for : Jll Hotels And Hospitality

Sheela Mamidenna 2017 has started off with a big bang as far as hotel real estate transactions in India are concerned. 2016 was quiet, but 2017 showered many deals and acquisitions. In an exclusive, Mandeep Lamba, MD, Hotels JLL India said, “this year saw the acquisition of a majority stake in India’s foremost hotel management company, Sarovar Hotels, by The Louvre Hotel Group (part of Jin Jiang International Holding). This transaction alone has paved the way for 2017 to set a new record in India’s fledgling hotel transactions’ market!” As per ICRA Research Services, the hotel industry for over nine years (FY2008-FY2016) has been in a trough after enjoying a brief honeymoon in FY2008 wherein heightened optimism about ‘India growing and shining’ ...

He says that the Finance Minister did not reduce the import duty on gold even by 2-3% (from the current 10%) which means that smuggling of gold will continue. Vipul Shah said that the Modi government’s maiden budget did not signal any bold reforms. However, he added that the Gem & Jewelry sector is happy that its recommendations for rationalization of import duty on broken diamonds and withdrawal of import duty on pre-forms of semiprecious and precious stones have been accepted. “Also the rationalization of import duty on processed diamonds to 2.5% will help the domestic manufacturing sector,” he said.   IOPEPC: Budget is the first step, India needs a favourable FTP Kishore Tanna, Chairman, Indian Oilseeds And Produce Export ...