Showing posts with label Developing Konkan Tourism is a prime focus” - Mrs Valsa Nair Singh at ‘The Virtual Maritime India Summit. Show all posts
Showing posts with label Developing Konkan Tourism is a prime focus” - Mrs Valsa Nair Singh at ‘The Virtual Maritime India Summit. Show all posts

Friday, March 5, 2021

Developing Konkan Tourism is a prime focus” - Mrs Valsa Nair Singh at ‘The Virtual Maritime India Summit

 


“Developing Konkan Tourism is a prime focus” - Mrs. Valsa Nair Singh at ‘The Virtual Maritime India Summit’

 

3rd March 2021, Mumbai: Maharashtra Govt. has been pursuing multi-faceted tourism initiatives to boost tourism in the state. Mrs. Valsa Nair Singh, IAS, Principal Secretary -Tourism, Govt. of Maharashtra underlined the need for maintaining the sustainability of coastal tourism with high return of investment during a session on ‘Investment Opportunities in Maharashtra’ at ‘The Virtual Maritime India Summit’ on 2nd March 2021.

 

During the session, Mrs. Nair puts the spotlight on promoting, developing, and harnessing the potential of Coastal and Beach tourism and emphasized growing the Blue Economy in a sustainable and inclusive manner in Konkan. She also highlighted some of the achievements and initiatives are undertaken by the Maharashtra Govt. towards sustainable coastal tourism in Konkan which include:

 

  • Maharashtra State ranks No. 1 in India in Tourism
  • Industry status is granted to Hospitality recently and will be implemented from 1st April 2021
  • To reach Konkan Coast, one can travel by air, water, rail, and roadways.
  • The first tourist district in the country lies in Konkan i.e. Sindhudurg district
  • Special incentives provided to the Special Tourism District under the Maharashtra Tourism Policy
  • Development of Tarkarli as a tourist destination and construction of tourist accommodation (1989)
  • Encouragement to Bed & Breakfast scheme in the region, to promote home-stays and local economy (1996)
  • Successful implementation of Beach Shack Policy (2020), Agri-Tourism Policy (2020) & Caravan Policy (2021)
  • The public-Private partnership model for MTDC resorts/open lands
  • Inauguration stage of the airport at Chipi (proposed in 2021)
  • Ease of doing business – Licenses reduced from 70 to 10 (2021) 
  • 3000 Cr Investment MoUs (6000 employment generation) (2021) was recently announced
  • Investment MoU signed in Sindhudurg with Taj group, at Shiroda, Vulgar and Fomento Resorts Pvt. Ltd., at Aravali Beach
  • World-class scuba diving center, namely Indian Institute of Scuba Diving and Aquatic Sports (IISDA) is operating successfully in Tarkarli, Sindhudurg
  • MoU incentives for resort and golf course under Tourism policy to Morve and Munge in Devgad

 

Mrs. Nair also highlighted the initiatives undertaken to promote tourism in the Konkan region including Beach Shacks & Facilities, Swadesh Darshan Scheme, and RTDS Projects in Konkan.

 

The Beach Shack policy will allow the setting up of 10 temporary beach shacks on each beach along the Konkan coast. Eight beaches were identified during the First Phase of the Implementation of this policy.

Under the Swadesh Darshan Scheme, the development of theme-based Sindhudurg Coastal Circuit is 90% complete and it is expected to be fully completed by May 2021.

She stated, “Petroglyphs of Ratnagiri is one of the oldest in Maharashtra (10000 BC) and the experts believe that they were created in prehistoric times and possibly among the oldest ever discovered.”

Mrs. Valsa Nair Singh also presented unique and potential concepts for the development of tourism in Konkan that include:

 

·         Fishing Units, Processing Units, Handicraft, Floating houses, Local Cuisine at Integrated Fishing Village

·         Ropeways, Heritage Museum, Light House excursion, Light and Sound shows at Heritage Sea Ports

·         Underwater Sports, Water sports, Resorts, Laser shows for Island Development

·         Maratha Theme-based cruises, Sound and Laser shows, Rendition of Maratha Empire Journey, Open Air Theatre, Cuisine at Fort Circuits

·         Velas/ Anjarle Turtle Festival, Murud Janjira Festival – A global event, Mango Festival, Chikoo Festival, Katalshilp Mohotsav, Sagareshwar Beach Festival, Shrivardhan Mohotsav, Beach Nights and Festivals to celebrate Konkan culture, seasons, and flora fauna

Maharashtra is endowed with natural beauty and diverse tourist attractions. Coastal regions in Maharashtra have been great attractions for domestic and international tourists. The state’s 720-km-long coastline is rapidly emerging as a prime destination for those seeking water sports and adventure tourism.


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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...