Friday, April 13
"Kinara to Set Up Hotels in India" reads the title of an article posted in the Hindu on Tuesday, April 10. The Kinara group, the group who is proposing this deal, is based out of Singapore and believes that India has "a huge potential in the hospitality industry with growing global tourism and business opportunities." This project is estimated to cost $100 million. Each hotel would have a capacity of about 200 rooms, and the group plans to build these in 8-10 cities. This is good news for people who travel to India, whos hotels right now are nowhere near luxurious. This is good news for India as well, because more people may travel there now that they know they will have a nice place to stay.
http://www.hindu.com/2007/04/10/stories/2007041005581600.htm
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