Of the estimated group turnover of Rs 2,000 crore in FY25, around 25 percent came from the hospitality segment.
"Inflation has been benign, interest rates are softening and I think this is the right time for investments to pick up," he told Moneycontrol.
"Patel will take over from Harshavardhan Neotia, Chairman of Ambuja Neotia Group, during the Ficci Annual General Meeting to be held on 16 and 17 December," Ficci said.
A delegation led by Ficci President Harshavardhan Neotia today met newly appointed Textiles Minister Smriti Irani to present their key concerns related to the textiles sector, it said in a statement.
Finance Minister Arun Jaitley and Parliamentary Affairs Minister Ananth Kumar met senior Congress leaders Ghulam Nabi Azad and Anand Sharma on Friday. The government has also called an all-party meet on Sunday, a day before Parliament session begins, to bring in a consensus on the crucial GST Bill.
Japanese pension funds are looking at long-term returns and they have very little opportunity to get those kind of returns in Japan, says Takuma Hatano, President, JOIN.
While a large percentage of business leaders polled seemed to be happy with steps taken to improve business climate in the country, continuing tax uncertainties was identified as a pain point.
Yogendra Yadav, Social Activist, also says with two consecutive droughts, the ride in Budget allocatment for agriculture and Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is only marginal.
Reserve Bank Governor Raghuram Rajan on Tuesday left the key interest rate unchanged at 6.75 percent citing inflation risks and growth concerns, while pegging further easing of monetary policy on government's Budget proposals.
Neotia will take over from the current Ficci President Jyotsna Suri during the chamber's AGM next month, Ficci said in a statement.
Rajan Bharti Mittal, VC & MD, Bharti Enterprises said the biggest takeaway in the meet from an investor point of view was that credibility of the government is back.
Hemant Kanoria, CMD, SREI Infra, does not think the Bengal government is pushing for development because it goes into polls next year
ICICI Bank, Infosys, Tata Motors and Wipro are among the Indian companies listed at the NYSE. After arriving in the city, Jaitley attended a luncheon meeting with executives of top US companies organised by the industry chamber FICCI. In the evening, he attended a reception hosted by the Indian law firm Shardul Amarchand Mangaldas.