23 January 2003NEW DELHI - Hong Kong-based Harilela Group has said it
may consider acquisition of existing hotels in Mumbai and
Delhi.
Director Aron H Harilela, in India recently for the
largest ever meet of the Indian diaspora, said while the
company was considering the investment, India would have to
work at reducing red tape and bureaucratic hassles.
Reconfirming his son's sentiments, group chairman Hari
Harilela said the group was upbeat about country's hotel
sector and was open to investing up to US$60 million,
provided he was not met with obstacles of bureaucracy.