Tag Archives: Maharashtra

Thomas Cook India opens forex outlet in Pune

Thomas Cook (India) has identified Maharashtra as a significant growth market for its foreign exchange business and to leverage this opportunity, it has opened a branch at Hinjewadi, Pune. Hinjewadi, one of the India’s largest Special Economic Zones (SEZ), is home to India’s corporate houses and MNCs, including top IT majors. Via its new outlet, the company aims at harnessing this significant yet underleveraged opportunity for its foreign exchange business. The new branch takes the total foreign exchange network for the company in Pune to six and and 30 in Maharashtra. The outlet will also offer prepaid travel cards. Thomas Cook India also has a forex app. Mahesh Iyer, Chief Executive Officer, Thomas Cook (India) Ltd said, “Maharashtra has been identified as a key source market and Pune is a strong growth driver that continues to deliver over 30% YoY for our Foreign Exchange business. We have hence selected the prime location of Hinjewadi for our new outlet in Pune- its viable catchment of consumers across families, young professionals and business travellers offers us significant opportunity.”  

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Maharashtra, Virgin Hyperloop One to build India’s first hyperloop

Virgin Hyperloop One has announced Maharashtra’s intent to build a hyperloop between Pune and Mumbai beginning with an operational demonstration track. Richard Branson, Chairman, Virgin Hyperloop One announced the framework agreement in the presence of Prime Minister Narendra Modi and Maharashtra Chief Minister Devendra Fadnavis to begin the development of the route. Recognizing the Maharashtra government’s contribution to the country’s economy, Modi said, “51 per cent of total investments in India have come to Maharashtra, and the state is attracting global investors. The state’s overall development in the past few years is a shining example of improving conditions in the country.” “I believe Virgin Hyperloop One could have the same impact upon India in the 21st century as trains did in the 20th century. The Pune-Mumbai route is an ideal first corridor as part of a national hyperloop network that could dramatically reduce travel times between India’s major cities to as little as two hours,” said Branson. The hyperloop route will link central Pune, Navi Mumbai International Airport, and Mumbai in 25 minutes, connecting 26 million people and creating a thriving, competitive mega region. The high-capacity passenger and cargo hyperloop route will support 150 million passenger trips annually, saving more than 90 million hours of travel time, and providing citizens with social and economic mobility.  

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MTDC renews MoU with Wakayama Prefecture Government

The Maharashtra government has renewed its MoU with Wakayama Prefectural Japan (WPJ) for five years. The agreement was signed by Devendra Fadnavis, Chief Minister of Maharashtra and Yoshinobu Nisaka San, Governor of Wakayama. The MoU commenced in 2013 with the purpose of enhancing relations between Maharashtra and Japan for expanding association in the field of tourism and investment, and promote agro and food processing units. More than 40 delegates from WPG visited Indian Merchant Chamber to promote the prospects of Wakayama. The delegates also visited various heritage sites and commercial hubs in Mumbai including Chhatrapati Shivaji Maharaj Vastu Sangrahalay (CSMVS), Bombay Natural History Society (BNHS) and BSE to understand the importance of these heritage sites and explore the diversity of the state. Jaykumar Rawal, Minister of Tourism & (EGS), Government of Maharashtra, said, “I am delighted to be associated with Wakayama Prefectural Government and the MoU is a great stage for us to surge our global footmark and put Maharashtra on the international map. This MoU has strengthened the ties between two states of the nations.”

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Mumbai Port Trust lays foundation stone for international cruise terminal

A top-level delegation led by Nitin Gadkari, Union Minister of Shipping, Road Transport & Highways and Water Resources, River Development and Ganga Rejuvenation, Govt of India, gathered inside Mumbai Port to lay the foundation stone for the new international cruise terminal. Mumbai Port Trust (MPT) proposes to handle 80 per cent of the cruise passengers that will arrive at the port once the terminal is complete. Sanjay Bhatia, Chairman, MPT, said, “As per our consultant’s report, we have the potential to bring in 30 lakh passengers. Based on that projection, we have prepared a second SOP on a national level. We have also recently exempted cruise passengers from e-visa and this is in line with our efforts to make immigration process for international tourists easier and faster. With the new terminal, the area of cruise terminal will be 4.15 lakh sq feet, almost 10 times bigger than what we have today.” Bhatia added that the new terminal will have all the facilities of the domestic airport. Also present at the ceremony were Devendra Fadnavis, Chief Minister, Maharashtra and Jaykumar Rawal, Minister of Tourism, Government of India.

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Maharashtra announces first-ever Mumbai Shopping Festival from Jan 12-31

Maharashtra Tourism Development Corporation (MTDC) in association with the Ministry of Tourism, Government of Maharashtra, is set to launch the first edition of the Mumbai Shopping Festival (MSF). India’s first-of-its-kind citywide three-week festival will be celebrated from January 12-31, 2018 across Mumbai. The festival will include immersive retail experiences clubbed with live performances across the city. In lieu of the recent notification by the Government of Maharashtra where shops and establishments can now stay open 24X7, the Ministry of Tourism and MTDC will set up Mumbai’s first-ever Night Bazaar Flea Market which will go on till 4 am on weekends only. To enhance visibility of the Mumbai Shopping Festival, MTDC has teamed up with various associations with various retail and commerce bodies. Shopping partners for the Mumbai Shopping Festival 2018 include major malls and retail chains in Mumbai. Devendra Fadnavis, Chief Minister of Maharashtra, said, “I am pleased to announce this festival as we launch Mumbai as a world-class shopping destination. We are delighted to see interest from our partners including retailers, brands, restaurants, who have given innumerable hours to making the Mumbai Shopping Festival a reality. We look forward to the participation of each and every Mumbaikar, and citizens of the country in joining us to celebrate this mega extravaganza.”

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Maharashtra ranks first, Delhi second for arrivals to Australia

Maharashtra contributes most tourists to Australia followed by Delhi. Speaking in New Delhi, Nishant Kashikar, Country Head-India and Gulf, Tourism Australia, said, “Tourism Australia first started its representation agency in Delhi before setting up their office in India. We have developed a great relationship with the travel trade in the city of Delhi and have seen great growth from this market. We have had almost over 32,000 tourists only from the state of Delhi, who travelled to Australia last year. These tourists contributed almost close to 165 million Asutralian dollars, which is an increase of 26 per cent as compared to the previous year.”

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Maharashtra to promote its tourism products in New York

Maharashtra’s Minister of Tourism Jaykumar Jitendrasinh Rawal met H.K Mauder Kakkur, Managing Director, NYC & Company New York, to discuss the prospects of tourism in Mumbai and Maharashtra in order to promote ‘The Brand Maharashtra’ in the City of New York. Vijay Waghmare, Managing Director, MTDC and Aashutosh Rathod, Joint Managing Director, MTDC, were also present at the event.

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Gujarat receives 220 applications for tourism projects worth Rs 9,000 cr

Gujarat has received an overwhelming response in terms of investment in tourism projects after it launched its Tourism Policy 2015-2020 in September 2015, according to Jenu Devan, Managing Director, and Commissioner of Tourism, Tourism Corporation of Gujarat Limited. He says, “It has become a tremendous success. Till date, there are 220 applications for various tourism projects like hotels, resorts, amusement parks, etc. worth Rs 9,000 crore. So in the next few years, Gujarat is poised to have a fantastic tourism infrastructure for both the inbound and domestic tourists.” Gujarat received a total of 448 lakhs tourists during 2016-17. This was 16.9 per cent higher than the flow in 2015-16. The flow of tourists within Gujarat also increased with a 15 per cent growth. Speaking about the source markets in India and abroad, he adds, “We see the entire India as our source market. However, we get maximum traffic from our neighboring states of Maharashtra, Madhya Pradesh and Rajasthan. Internationally, UK tops the list followed by USA. We would like to receive more traffic from the South East Asian markets as they are short-haul destinations for India.”

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Maharashtra Tourism Minister meets Wakayama Prefecture delegates in Mumbai

The Minister of Tourism, Government of Maharashtra, Jayakumar Jitendrasinh Rawal, met the delegates from Wakayama Prefecture to discuss tourism potential between the two countries. Also present at the event were other dignitaries like Vijay Waghmare, Managing Director, MTDC, and Aashutosh Rathod, Joint Managing Director, MTDC. The international delegates included Hiroyuki Tsui, Director General, International Planning Division, Wakayama Prefecture Government, and Onishi Tatsunori, International Planning Division, Wakayama Prefecture Government. The Japanese delegates from Wakayama Prefecture also explored the well-known Mahalaxmi Dhobi Ghat to see the traditional way of washing clothes.

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IATO Maharashtra Chapter to convene in Karjat on June 21

The Indian Association of Tour Operators (IATO) has announced that its Maharashtra Chapter will come together once again in Karjat on June 21. IATO’s National Committee along with Chairman of Western Region, N.S. Rathor are expected to present for this. Announcing this is Himanshu Agashiwala, Chairman, Maharashtra Chapter, IATO, who says, “Our Maharashtra chapter conducts at least four to five meetings in a year. One such meeting will be held on June 21 at Hotel Radisson Blu in Karjat. It is a day-long event and we have even invited our executive committee from New Delhi to join us. They might stay overnight. This will be third time that the executive committee from Delhi will be attending a Western Chapter meeting. They normally meet in Delhi itself. One of our members Arika Holidays has managed to get rooms and lunch at the hotel for our members.”

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