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GVK Reddy opines about the impact of Omicron on the Hospitality And Tourism Industry

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  Dr. GVK Reddy shares insights on Omicron’s devastating effects on the hospitality and tourism sectors of India. In addition to the massive impact the COVID-19 pandemic had on India’s various sectors, the new coronavirus variant – omicron is also shaking them. No sector is spared from the effects of this pandemic. In all areas of shopping, dining, and eating to travel, aviation, and trading, people are experiencing a dread about the renewed restrictions. Dr. GVK Reddy shares insights on Omicron’s devastating effects on the hospitality and tourism sectors of India. As a result of the spread of Coronavirus’ new variant, Omicron, the stock prices of the hospitality industry, travel services, entertainment industry, and many others started falling. There is a concern among investors who invested in these sectors that a new lockdown will be imposed by many countries. And India might not just remain immune. Industries that have yet to recover from their earlier losses will be adversely ...
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Bringing Electric Vehicles on India’s Road: Dr GV Krishna Reddy talks problems, potential and possibilities

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  As the Founder and Chairperson of GVK Group which operates in the energy sector, Dr GVK Reddy offers crucial insights into the industry’s present position and future path. With the launch of FAME India (Faster Adoption and Manufacturing of Hybrid and Electric vehicle) scheme in 2015, the Union Government signaled the overhaul of the Indian vehicle space with the adoption of Electric Vehicles (EVs). Since then, the shift towards EVs has been underpinned by the colossal dependence on fossil fuels to satisfy the consumption demands. Dr GVK Reddy  puts this into perspective, “In the year before FAME initiative was taken up by the government, India’s import of crude oil stood at $112 billion for 2014-15. In addition, India is also the second-largest importer of coal in the world.” . Given India’s commitment to curb its CO2 emissions by 2030, there is a surge in investments and promotion of EVs to replace the present predominant ICE (internal-combustion engine) driven vehicles on ...
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Dr. GVK Reddy interprets the government efforts in revival of the hospitality sector from the blows of Covid

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  Hospitality has been one of the industries that have received the hardest blows of COVID-19. Hospitality has been one of the industries that have received the hardest blows of Co v id 19. Sustaining their costs through travellers and tourists alone — the pandemic had quickly and unexpectedly blocked their only source of sustenance, leaving the industry in a gloomy state of depletion and drop. If we draw back to 2020, Hospitality was one sector along with tourism, travel or retail that directly froze with the imposed lockdown in the country. Travelling was not as common anymore, and on the other end, the entire working setup was shifted to digital means, curtailing the need for professionals to travel for corporate meetings or business trips. Amid the colossal wreck of its economy with the first wave of Covid, the Indian Hospitality sector witnessed a massive drop of 38.7 % in Revenue based on its Per Available Room. Dr.  GVK Reddy  assesses this recession in the hospita...
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Responsible Tourism amid Covid: GVK Reddy urges for wariness amongst Travellers of the Country

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  Amidst tour packages’ misinformation spreading like wildfire, lockdown restrictions of countries changing by the minute or wrong choice of travel accommodation that might go against all your other safety precautions, Chairman of GVK Group, GVK Reddy suggests ways to safe travel for fellow Indian travel enthusiasts. By the beginning of the pandemic in India, in 2020, a  s udden restriction on travel was one change that the country had rarely seen before. As the lockdown restrictions were slowly relaxed later, travellers and enthusiasts alike were soon seen making the most out of their work from home settings to take Staycations and breather trips. Soon enough however, situations deteriorated again as the pandemic cases shot up in the country like never before, imposing a total ban on movement whilst also sealing borders that won’t let travellers in. For a large part of the year, travelling activities came to a halt and soon enough so, travelling started to look like a distant...
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National Electricity Policy Draft 2021 is an ambitious initiative, feels Dr. GVK Reddy

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  C hairman of the GVK Group, Dr. GVK Reddy assesses the strengths of the new and promising Electricity Draft, underscoring the interest of the nation through a series of suggestions and unveiling the possible challenges that lie ahead of it. What is the National Electricity Policy Draft It is an ambitious government initiative that aims to accelerate the power infrastructure of the country, creating a sustainable power highway that makes electricity accessible to every pocket in the country. More electricity genera t ion & supply and the extended use of renewable power sources are at the core of the project. Of late in 2021, two months after the project was announced, the Ministry of Power, India set up a bench of experts to formulate and map this new strategy. The panel comprises an amalgamation of members from the various state governments, The NITI Aayog, Central Electricity Authority and the Ministry of New and Renewable Energy. The former Chairman of the Central Electrici...
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As Greece Shows The Way In Renewable Energy Sector, GVK Reddy Talks About How India Can Learn And Implement

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  In recent times, if there is one nation that has shown the world an innovative direction with its immense emphasis and work on clean energy resources, it is Greece. Heralded as the cradle of Western civilization, the Greeks are an advanced culture with a scientific and modern outlook. Their present work in the renewable energy sector is incredibly commendable. Even when the entire world is struggling to accommodate resources, they are creating more, and doing so sustainably.  GVK Reddy , Chairman of GVK Group opines that, “We firmly believe that India can study and implement some of these strategies in our resources as well.” Need For Sustainable Energy The world is on the verge of an energy crisis. With each passing day as humanity depends more on technology, the rate of energy consumption keeps increasing, and with that comes alarming climate change crisis. The rise of global warming along with pollution has expedited the urgent need for sustainable energy production. Chai...
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GVK Group's Mumbai airport awarded 'Best Airport' by ACI fourth time in a row

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  Mumbai (Maharashtra) [India], March 4 (ANI/PNN): Even as the GVK Group prepares to exit the airports business, it's the jewel in the crown, Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) has been awarded the Best Airport by Size and Region, in the over 40 million passenger category, by the Airport Council International (ACI), for the fourth consecutive year. CSMIA was lauded for its dedication and commitment towards delivering a superior customer experience by providing world-class facilities and services for its passengers in the midst of the most challenging year in global aviation history. GVK Group focus in the areas of implementing state-of-the-art technologies, customer engagement activities and service excellence, has resulted in the CSMIA airport bagging the ACI award for Best Airport by Size and Region in the 40 million passenger category, every year, since 2017. This achievement represents the passenger recognition and appreciation towards CSMIA...
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