Apprehensions of slowdown in the hotel industry notwithstanding, Maldives businessmen are keen to invest in this sector in India, reports The Hindhu newspaper.
"Maldives investors are very keen to invest in India, particularly in the Indian hotel sector, though no agreement has been signed so far," First Secretary (Economic and Commercial) High Commission of Maldives in India Ahmed Shahid said. After the recent terror attacks at the Taj Hotel and Oberoi in Mumbai, there are fears that the hotel industry might see a slowdown. Shahid, however, did not mention these incidents at the meeting with a Maldives business delegation, organized by the Confederation of Indian Industry (CII).
He invited Indian businessmen to invest across sectors as the island nation has "turned more open to FDI and private capital".
"We expect a significant increase in investment by Indian companies, particularly in infrastructure, transport, electricity, healthcare, IT and education," he added. The delegation came to India, along with newly-elected Maldives President Mohammad Nasheed, on a three-day visit.
"Maldives investors are very keen to invest in India, particularly in the Indian hotel sector, though no agreement has been signed so far," First Secretary (Economic and Commercial) High Commission of Maldives in India Ahmed Shahid said.
ReplyDeleteGreat news. Though we are a small country with a relatively small population, we should have high ambitions and we should be able to stand beside giants such as India, US, UK and China and talk business!
This shows that the new government is proactive and unintimidated and ambitious and unashamed (to be small)!
I would love to see Maldivian businesses such as Universal, Champa, Suntravels, Jabir, Waheeduddeen, Sunland, etc. go and invest in Lakadives (India) and make resorts there. I would also like to see Indian mega businessess companies such as TATA come and build factories and do other investments in the Maldives.
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