Investment of Rs 500 Million in a Second Cableway

11 years, 7 months ago - August 08, 2012
Investment of Rs 500 Million in a Second Cableway
Conveyor & Ropeway servives Ltd (CRS) plans to invest Rs 500 million in a project Aerial Tramway (cableway). Vikash Gunowa, the Chief Executive of the project, a Mauritian based in England, the country will be in October in the company of engineers to identify a suitable location where they can complete this project.

Vikash Gunowa, who has extensive experience in management, also holds a Post Graduate in Business Administration and Strategic Management and Leadership. The Managing Director of CRS Shantanu Gupta will join the party. 

CRS has implemented several cable projects worldwide. When the team of this company will be in Mauritius for the feasibility study, it will take soil samples for analysis. Vikash Gunowa stressed that if the government is supporting the project in terms of facilitating the paperwork, the project will be completed in 10 months. 

This ambitious, integrated and environmentally friendly society that wants to achieve, he believes, will appeal to local and foreigners. There is no doubt that this initiative will have a positive effect on tourism especially since it is a pillar of the national economy. 

However, it is far from exploiting the full potential of this sector, yet additional employment. The promoters will not skimp on ways to further promote Mauritius as a tourist destination.

If this project materializes, it will be the second of the same type, the first is to make the Seven Waterfalls Horizons active Ltd, whose Managing Director Shyam is Seetaram, brother of the Minister of Enterprise and Cooperatives Jim Seetaram. This project is scheduled for Tamarind Falls, Henrietta. 

The cableway project CRS will then be submitted to the Board of Investment for approval together will be housed for an exemption from tax on certain components. Collaboration with the company includes the operation and maintenance of cable as well as staff training. 

Text by Le Matinal

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