Davos 2016: Indian firm Tata Sons will invest in Georgia’s hotel industry
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Indian holding Tata Sons plans to expand its investments in Georgia. Company officials expressed interest in investing in Georgia’s hospitality industry.
Chairman of Tata Sons Ltd Cyrus Mistry will visit Georgia with a working group from Indian hotel network to learn about the local investment environment.
This decision was made yesterday in Davos at the World Economic Forum, during an official meeting between Mistry and Georgia’s Prime Minister Giorgi Kvirikashvili.
Tata Sons plans to increase #investments in #Georgia@TataCompanies#wef#Davos#wef2016#Davos2016pic.twitter.com/c1rgigI8pg
— Giorgi Kvirikashvili (@KvirikashviliGi) January 20, 2016
Georgia's Prime Minister Giorgi Kvirikashvili posted on his Twitter about his meeting with the Chairman of Tata Sons Ltd Cyrus Mistry.
Tata Sons is a holding company of Tata Group, a global enterprise headquartered in India.
Tata Group has already implemented several projects in Georgia and invested $650 million USD in total. Tata Group was primarily represented in Georgia’s energy sector where another of its holdings, Tata Power, was represented.
Oil and gas company British Petroleum (BP) will invest $150 million USD in Georgia to modernise certain sections of the Baku-Supsa pipeline and improve ecological standards.
Georgia’s Prime Minister Giorgi Kvirikashvili and a small Georgian delegation are set to travel to Davos, Switzerland today in order to participate in world economic forum and attend the 46th session.
A working group from the US investment agency Washington State Investment Board (WSIB) is planning to visit Georgia to explore the investment opportunities in the country.
Prime Minister of Georgia Giorgi Kvirikashvili is rubbing shoulders with world leaders at the World Economic Forum in Davos, Switzerland.
Georgia "effectively” implements the European Investment Bank’s (EIB) operations, said the bank’s president Werner Hoyer while meeting Georgia’s Prime Minister Giorgi Kvirikashvili.
Prime Minister of Georgia Giorgi Kvirikahsvili and the country’s Minister of Foreign Affairs Mikheil Janelidze attended a business lunch in Davos today related to the challenges currently facing the European Union (EU).
Georgia’s Prime Minister Giorgi Kvirikashvili has met president of the European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti in Davos, Switzerland within the World Economic Forum.
Stoltenberg: “It was an excellent meeting with Georgia’s PM"
Georgia’s Prime Minister Giorgi Kvirikashvili and NATO Secretary General Jens Stoltenberg have enjoyed a face-to-face meeting and discussed Georgia’s integration process into NATO in Davos, Switzerland.
Minister of Foreign Affairs of Georgia Mikheil Janelidze met his Austrian, Italian and Mongolian counterparts in Davos, Switzerland yesterday in the framework of the international conference, which is being attended by more than 2,000 political, business, cultural and civil society leaders.
An Emirati holding company based in Dubai plans to expand its investments in Georgia.
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Intensifying bilateral relations in the political and economic spheres were major topics of the meeting.
Global financial institutions will help Georgia fulfill its ambitious reform agenda. Georgia’s Prime Minister was promised the international support at Davos, Switzerland, where world leaders participated in the World Economic Forum.
Georgia and India are deepening bilateral ties in a range of field, including tourism and aviation, by signing a Memorandum of Cooperation (MoC) to facilitate easier travel between India and Georgia.