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LOUVRE HOTELS GROUP BUYS INTO SAROVAR HOTELS AND BECOMES ONE OF THE LARGEST HOTEL GROUPS IN INDIA

Purva Marwaha - 19-janv.-2017 10:05:04

  Louvre Hotels Group buys into Sarovar Hotels and becomes one of the largest hotel groups in India       Louvre Hotels Group, 2 nd largest hotel group in Europe, announces its acquisition of a majority stake in Sarovar Hotels, the largest independent Indian hotel chain in terms of hotels and presence. The European hotel group continues to rollout its international expansion plans with this, its first investment of size in the Indian subcontinent. India, with its fast-growing economy, its global tourism potential and a significant under- penetration of branded hotel rooms, represents a new opportunity and a strategic market of more than 1.2 billion inhabitants for the group.       After launching a far-reaching scheme to strengthen its positions in China and South-East Asia, Louvre Hotels Group   continues to boost its presence in South Asia, keeping up with the region’s constantly growing leisure and business tourism. The group has decided to become a majority stakeholder in Sarovar Hotels, an Indian company made up of 75 hotels on the premium, mid -range and budget sectors, through 3 leading brands:   Sarovar Premiere  Sarovar Portico  Hometel    In addition to the above three brands, the group also has two well established F&B brands, The Geoffrey’s Pub and the Oriental Blossom, and manages the lodging and catering facilities of various institutions in India. Furthermore, the group manages 10 hotels under the Radisson, Park Plaza and Park Inn brands.   Sarovar Hotels was founded in 1994 by Anil Madhok, a hotel industry expert on India, Singapore and Sri Lanka markets. It is also run by Ajay K. Bakaya and Mansoor Adil who have built it into a robust and effective hotel platform combining marketing, human resources, operations, management and technical services.   Leveraging its hotel expertise and seasoned management staff, Sarovar has developed significantly over the past 5 years, growing from 4500 to nearly 6000 rooms in over 50 cities. Sarovar has a secured pipeline of over 20 hotels, most of which are due to join the network shortly.   Over the last few years, Sarovar also started to develop its brands outside its boundaries, targeting Africa, and more significantly Eastern Africa, which de facto also strengthens Louvre Hotels Group positioning as the largest hotel group in this part of the world.     This strong and experienced team will continue to provide its expertise and manage the hotels under its brands. Both hotel groups share the desire to continue developing Sarovar Hotels brands. This powerful platform will also sustain the development of Louvre Hotels Group brand which has been present in the Indian sub-continent since 2007 and currently manages 22 hotels under its Golden Tulip Umbrella brand.     This reconciliation between Louvre Hotels Group and Sarovar Hotels offers unprecedented synergies between strong local brands and the world’s 5 th largest hotel group. Respective hotel owners for both groups will benefit immediately from such synergies including local and international management expertise, world-wide distribution, loyalty programs, sales and marketing initiatives, and procurement services.       This deal clearly demonstrates the ambition of Louvre Hotels Group; boosting its development through strategic deals on high potential markets.   “Number 2 in Europe, Number 1 in China, and now a leader in India, we really are a major global player, present in all major markets, and in all the hospitality segments. Sarovar is a fantastic platform, very promising for the future, mostly due to the professionalism and the local expertise of its smart team.” emphasises Pierre-Frédéric Roulot, CEO Louvre Hotels Group "Over the last two decades, Sarovar Hotels has grown to be one of the fastest growing hospitality chains in India. The association with Louvre Hotels Group will help us to spread our wings further and we will continue to develop our brands. With local and international capabilities, we aim to be the leading brand in the business and bring in major benefits to our guests”, comments Anil Madhok, Executive Chairman, Sarovar Hotels       Source: http://bit.ly/2iEfBY6  

147 french companies at Vibrant Gujarat

Julian HOARAU - 13-janv.-2017 07:07:39

The Minister of Foreign Affairs and international development, Mr. Jean-Marc Ayrault, led a delegation of 147 members to the Vibrant Gujarat Global Summit on 10 January 2017. Investor leading in India, France, Summit partner country, is committed to partnerships with the Indian Government and the State of Gujarat. Nobel Prize of physics Serge Haroche, known for his work on atomic physics, quantum optics, the study of the photon and the development of laser spectroscopy, also participated in the Conclave of the winners of the Nobel Prize. The trade delegation, framed by Business France consisted of 60 French companies specialized in the sectors of energy, urban development, management of water and waste, aviation, logistics, food industry, transport, new technologies of information and communication, housing (biotechnology, metal coatings, dental, electronic, pharmaceutical, textile), Board, banking and finance. The CEOs of the major French mutltinationales, including EDF and Cap Gemini, attended the Conclave of CEO. On this occasion Mr. Jean-Marc Ayrault, visited the French pavilion of the exhibition. The large number of participating companies, with a wide range of skills advanced, wants to work with Indian features and is fully committed to the ambitious initiative "Make in India". France, with his industry experience and expertise in advanced technologies, built a partnership for the future with the India supporting actively in achieving its main objectives in the areas of the development of transport, energy, agriculture, infrastructure and industry. France held a seminar country on January 11, which focused on two key themes: energy needs for the future and urban transport integrated in the Smart City. 12 french experts have shared their innovative proposals for the transformation of waste into energy, intelligent lighting, the stand-alone solutions for smart village, the manufacture of solar panels, connected solutions for urban transport, the intelligent parking and train stations of the future. Gujarat is one of the Indian States in stronger growth, but it is also one of the most attractive for investments. That’s why Vibrant Gujarat 2017 attracted 60 French companies from diverse industries already established in India or willing to expand their business here. The France invests in India, made in India and innovates in India. To strengthen Indo cooperation already very successful, regional economic Service of the Embassy of France in India and France Business remain at the disposal of the authorities and Indian companies to further develop bilateral economic relations.

"Why smart investors choose France? "

Julian Hoarau - 02-déc.-2016 12:00:41

On the occasion of the SME Summit organized by the Confederation of Indian Industry on Tuesday 22 November 2016, Business France India and the Regional Economic Service of New Delhi hosted a Country Session on France entitled "Why smart investors choose France? "In the presence of some 50 Indian companies. This seminar highlighted the comparative advantages of France as an investment destination for the Indian business community and to raise awareness of the latest reforms introduced by the French government to facilitate the "Doing business" in France.   Business France / India also held a booth during the 2 days of the summit, on 22 and 23 November

Electric bicycles set to hit Amaravati roads

Purva Marwaha - 01-déc.-2016 06:35:26

Chennai-based varsity makes a proposal for introduction of ‘smart’ transport in the region Will an electric bicycle hit it big in Amaravati, the new capital of Andhra Pradesh? The answer could be ‘yes’ if Chief Minister N. Chandrababu Naidu who has a penchant for all things ‘smart’ approves of a proposal by the Chennai-based Veltech Dr. RR & Dr. SR University. A team representing the university is in the city to meet Mr. Naidu on Wednesday and put forth a proposal to introduce ‘smart’ eco-friendly transport in the form of an innovative blue-tooth-embedded e-bicycle in the Amaravati region. The university has developed a prototype of what it claims socially relevant technology with high impact on society, in partnership with Francecol Technology, a French company. The project was recently approved under Industry-Academia Research and Development Programme and funded by Indo-French Centre for Promotion of Advance Research (CEFIPRA). “We wanted to develop an embedded wheel drive electric motor with special design features for superior performance at lower cost when compared to the electric cycles currently available. One of the aim was to develop motors without permanent magnets. This technology has spin-off applications in wheel chair and other electric vehicles. The product will be marketed in India and Europe,” said Francois Bernot of the French firm. Veltech and FranceCol are contributing to the design and technology area while the French University partner Centrale Superlec at Gif sur Yvette will analyse and test the product and Indian industry partners Joshi Electronics & Electrical Pvt. Ltd, Pune and Gurgaon-based Turnpoint Technologies are responsible for manufacture of prototypes and commercial operations.   Objective “Our concept’s first objective is to create an electric assistance for bicycles and wheel chairs by integrating our ultra thin and high frequency electric engine to one of its wheels with its power electronics and sensor. This innovation is a result of seven years of research and development. Applied to an aeronautic system, tested and approved, this engine has the advantage of being simple to build and economical,” said Dr Francois Bernot. “Imagine if the city has 10,000 such bicycles, the roads would turn into paradise,” said U. Chandrasekhar, Pro Vice-Chancellor of the university. The university has developed four such cycles.   “The cost factor may come down once we start mass production,” said Mr. Chandrasekhar.   Source: The Hindu, 29th November 2016

Elior Group to enter India with 2 acquisitions: MegaBite Food Services and C Ramachandra Caterers

Purva Marwaha - 30-nov.-2016 06:37:45

Elior Group, one of world’s leading operators in the contracted food industry, has announced its entry into the Indian market with the simultaneous acquisitions of MegaBite Food Services and CRCL, two leading contract caterers for the business & industry market. The new subsidiary, Elior India now employing 3,500 people, will serve 135,000 meals per day. MegaBite Food Services is the top player in premium corporate catering in Bangalore. It operates a central kitchen in Bangalore and provides 28,000 meals each day in Bangalore and 1,800 meals daily in Mumbai. Its customers include Cisco, Mircosoft, Google, McKinsey and Shell. MegaBite has been wholly acquired by Elior Group. Based in Chennai, CRCL is the largest industrial catering company in South India. CRCL serves over 100,000 meals each day. Its customers list includes prestigious names like Daimler, Ashok Leyland, Caterpillar, Pfizer, MRF and Vellore Institute of Technology. Elior Group has acquired a majority stake in CRCL. The combined acquisitions on the Indian market, will position Elior among the top three in the catering industry in India which is growing at a CAGR of 15%.     Source: Economic Times, November 2016

Successful seminar on « Innovated and integrated engineering solution for sustainable infrastructure»

Julian HOARAU - 24-nov.-2016 11:39:17

On Thursday, November 10th, a seminar followed by a networking cocktail was held in the presence of H.E. Alexandre Z IEGLER , French Ambassador to India, on the theme of « Innovative and integrated engineering solutions for sustainable infrastructure ».     This event, co-organized by Terre Armée at the residence of France, New Delhi, shaped an Indo-French discussion on sustainable infrastructure projects in India, notably as part of the “Smart Cities” & "Make in India" campaign. The event was attended by the senior government officials from National Road Authority of India, Ministry of Railways, Central Water Commission, the decision makers & technical representatives of leading construction companies and also the French business community.   Mr. Anand KUMAR, Managing Director of National Highways and Infrastructure Development Corporation – NHIDCL highlights it « By 2020, NHDCIL will carry out more than 134 projects in northeastern India, representing the construction or upgrading of more than 8,000 km of highways. To achieve this goal and to preserve the environmental impact of these projects, it is necessary to adopt new engineering and construction techniques. This requires an awareness of all the stakeholders: federal and local authorities, private and public companies, etc . »  

Dr Shailesh Ayyangar conferred Officer of the National Order of Merit

Julian HOARAU - 17-nov.-2016 06:04:04

Mumbai, 15 November 2016 On behalf of the President of the French Republic, H.E. Mr Alexandre Ziegler, Ambassador of France to India, conferred the high French distinction, Officier de l’Ordre national du Mérite (Officer of the National Order of Merit) on Dr. Shailesh Ayyangar, Managing Director - India and Vice President - South Asia, Sanofi, on Tuesday, 15th November 2016. The honour comes in recognition of his outstanding contribution and dedication to promoting public health, particularly amongst children and diabetics, and turning scientific innovations into therapeutic solutions. Dr Shailesh Ayyangar Dr Shailesh Ayyangar , born on 15th October 1954, is the Managing Director - India and Vice President - South Asia, Sanofi (Global healthcare leader present in India since 1956) and President - Organisation of Pharmaceutical Producers of India (OPPI), unanimously elected for four consecutive years since 2013. A graduate in Veterinary Science, Dr Ayyangar holds a Post-graduate Degree in Business Management from the Indian Institute of Management (IIM), Ahmedabad, Gujarat. In his career spanning over three decades, he has gathered wide-ranging experience in the pharmaceutical industry. In April 2002 he joined Sanofi as Managing Director, which was further extended to the combined Company Sanofi-Aventis, in 2005. In 2010, he was assigned additional responsibilities for Sanofi’s South Asia Zone comprising Pakistan, Bangladesh, India, Nepal and Sri Lanka. In 2014, Dr Ayyangar was listed among ‘India’s Best CEOs’ in Mid-Sized Companies category by Business India magazine, and in 2013, he was recognized as ‘Most Valuable CEO’ in Mid-Sized Companies category by Business World magazine. Along with his corporate vision for positioning Sanofi as a market leader, Dr Ayyangar also undertook initiatives for social and educational development. Thus, Sanofi India has implemented several projects for promoting public health, particularly amongst children and diabetics. Sanofi provides full financing for a programme – supported by the Public Health Foundation of India – aimed at promoting hygiene among Indian schoolchildren. Further, Sanofi India helps towards recreational facilities in Indian hospitals and conducts free health check-ups near its Goa plant. At Dr Ayyangar’s initiative, almost 300 Sanofi employees carry out voluntary work for the benefit of underprivileged children in Mumbai. It may be noted that the company also came to the aid of people severely affected by the 2013 and 2014 floods in North India. Ordre National du Mérite Ordre National du Mérite  (French National Order of Merit) was instituted in 1963 by General Charles de Gaulle. It is awarded for distinguished services rendered in public, civil, military posts, or a private profession.

About
Thibaut Fabre, Country Head   Welcome to the French Trade Commission Business France in India!   Our key mission is to promote trade relations between France and India . We assist French-based companies seeking potential partners and new markets in India, while helping Indian businesses to identify potential French suppliers and technical partners.   In India, our 4 offices are located in the business hubs of New Delhi, Mumbai, Bengaluru and Chennai. We have a dedicated multicultural team of over 30 experts in the following growing sectors: - Agro-business; - Lifestyle, Consumer Goods and Healthcare; - Infrastructure, Transport and Industry; - ICTs, Retails and Services.   Our Trade Commission also has a Press office in charge of helping French companies to communicate in India as well as a Market Access Department enabling them to better understand and adjust to the Indian regulatory and fiscal framework.  

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