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NEW DELHI: The Ministry of Tourism has put forward a proposal to the Cabinet, to lower the duty-free business in India Tourism Development Corporation (ITDC) through a tie-up with Grupo Aldesa of Spain. The joint venture between Spain and its partners commit themselves ITDC duty-free retail business in India and abroad. A proposal in this regard is likely to approval by the Cabinet at its meeting on Thursday.
As envisaged in the proposal by the Ministry of Tourism and Culture, of the proposed joint venture would 50:50 ITDC, in the development of the duty-free business concerning borders shore. This segment of the economy has been the mainstay of the company’s revenues for the year, but the segment of the hotel has now blithely.
The Government is also reviewing a proposal by the Ministry of Interior to adopt legislation for the private Detekteien plan. It may also the recommendation of the ad hoc expert group for the granting of the permission of the Central Public Sector. The group proposed a strengthening of the financial and functional autonomy for CPSEs in order to be more competitive.
The government may also present a proposal for the creation of the Indian Institute of Space Science and Technology (IIST). Grupo Aldeasa sources said is a world leader in the memory of the company, novelty and gift items, except for Duty-free business. The Spanish company, the three councils of speciality from the sale of souvenirs to charitable organizations ITDC, except for duty-free shops at airports across the country.
The company plans to world-class, sales of souvenirs in the Taj Mahal, the Red Fort and the Qutab Minar. The joint venture is also managing the brand and for the stability of souvenir shops, promoting the arts and crafts of India. For the journey, it is expected that the joint venture will have an impact on the markets of Southeast Asia and in countries like Fiji and Mauritius have a large ethnic Indian population.
The joint venture has already assigned to a mission in Mumbai International Airport (MIAL) for the establishment of duty-free shops at the airport in Mumbai. Advice for souvenir shops is viewed as a “byproduct” of the duty-free handicrafts business is a key part of the airport retailing, sources said.
Tags: duty free shops, ethnic indian population, functional autonomy, india tourism, ministry of interior, ministry of tourism, qutab minar, retail business, spanish company, tourism development corporation |
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NEW DELHI: The government has adopted a new law on the regulation of private detectives, deleted ITDC plan for the creation of a joint venture with the Spanish company Aldeasa for the duty-free business, an Indian Institute of Space Science and Technology (IIST), and Improving the competence of some public sector enterprises.
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Course: Certificate Course in International Business Language (Evening)
Category: Management
Description: Certificate Course in International Business Language (Evening) in Spanish, Portuguese & Chinese Languages (Jan-June 2007). The Course is designed for young entrepreneurs and executives trading with Latin America/ China and concerned Export Promotion Councils/Government/semi-government officials.
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Send typed and duly signed application on A-4 size paper giving your full name, complete postal address with telephone/fax number, e-mail, educational qualifications with one recent passport size photograph, mentioning language
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