DECEMBER, 20249India's rapidly growing manufacturing sector is fueling the expansion of mid-range and upscale hotels into industrial hubs, addressing the increasing need for quality accommodations for business travelers. Prominent hotel chains such as Marriott, Hyatt, Orchid, Regenta, Vivanta, and Ginger are establishing properties in key manufacturing zones, including Vithalapur, Talegaon, Chakan, Bhiwandi, Pithampur, Kalinganagar, Sanand, and Hosur. This shift reflects a growing trend where visiting executives prioritize staying closer to their factories to avoid long commutes and traffic congestion.In Vithalapur, an emerging automotive hub located over two hours from Ahmedabad, luxury hotels like Courtyard by Marriott and Hyatt Place are set to open within the next year. Similarly, the recently launched 100-room Fern Residency in Talegaon, on the outskirts of Pune, has already gained traction among corporate travelers. Pithampur in Madhya Pradesh, another industrial hotspot, is attracting mid-market options like Click Hotel and Sayaji, driven by a robust demand from the manufacturing sector. Meanwhile, in Chakan and Bhiwandi, which are significant industrial zones near Pune and Mumbai, Ginger Hotels is developing 200-room properties to cater to the growing influx of business visitors.This surge in hospitality development highlights the untapped potential of India's manufacturing clusters. According to Nandivardhan Jain, CEO of Noesis, a hotel investment and advisory firm, manufacturing hubs represent significant opportunities for the hospitality industry. "With multinational corporations and SMEs expanding their presence in these regions, there's a critical need for quality accommodations for business travelers", he said. India's medical technology industry is expected to touch exports of up to $20 billion by 2030, but the sector needs more government incentives and further ease of doing business to accelerate overseas shipments, industry body CII said on Friday.The production-linked incentive (PLI) scheme for the medical technology sector currently available for select medical devices needs to be extended across products, while export incentives to 'reimburse hidden costs' need to be provided to manufacturers, CII Chairman National Medical Technology Forum Himanshu Baid told."Today, we are importing almost 60 to 70 per cent of our medical equipment which are needed in the country. Whereas, our manufacturing is still very low as around 30 per cent is only manufactured in the country. Our imports are far exceeding our exports. Our imports are almost $8 billion and our exports are close to $4 billion", he said.However, Baid said, India has the best potential to grow this industry to the next level, taking advantage of the world adopting the 'China plus one' strategy to reduce import dependence on one particular country.India is very well poised to take advantage of it on the back of the talent it has in terms of software, hardware and low-cost labor as compared to China. TOP STORIESHOSPITALITY PLAYERS FORAY INTO MANUFACTURING ZONES FOR EXPANSION PLANSMEDTECH SECTOR EXPORTS TO CROSS $20B BY 2030
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