Indian companies are interested in investing in Georgia.

The companies want to jointly enter the hotel business. According to the National Investment Agency, the companies’ officials paid the first official visit to  Georgia on June 14-20 and  after  visiting  tourist resorts and regions,  decided to build and operate 4-5 middle-class instead of the planned one. They also showed their interest in steel production.

One t of the companies  is an Indian Unique Mercantile India Private Limited. It is mainly engaged in the insurance business, but has recently entered the real estate and hotel business sectors. The company started the hotel business development in Singapore and Bali, and now expresses its interest in Eastern Europe, including Georgia.

Another  company is Apna Punjab Resorts Limited which  also works in the hotel business and operates  hotels in India and Thailand. The company also has experience in spa resorts management and development.

A tour of the Indian companies’ leaders to Georgia was  organized by the Investment Agency of Georgia.  The Agency says the leadership of the Indian companies  held meetings  with representatives of different agencies, including the Partnership Fund, the National Tourism Administration and the banks. They also visited various investment locations in Mestia, Kutaisi, Borjomi, Kutaisi, Batumi, Kobuleti and Tbilisi.

Source:commersant.ge