Cordelia Cruises is focusing on the Indian market and is planning to pump in excess of $1 billion by 2025 for acquiring at least three cruise ships as it aims to expand operations in the domestic market. The company’s bullish outlook is in line with the government’s projection of a 10-fold growth for this industry over the next decade.
“India will do extremely well in the cruise sector. I am confident that in the next 5-7 years India will be one of the top five cruise destinations of the world, similar to China five years ago. We have aggressive expansion plans. We want to add at least three cruise vessels by 2025 that could cost over $1 billion,” Waterways Leisure Tourism CEO Jurgen Bailom told PTI in an interview.
Cordelia is owned by Waterways Leisure Tourism, an arm of Dream Hotel Group, controlled by the Indian American hotelier Sant Singh Chatwal.
Mr. Bailom said with government’s focus and support, the investment from this Indian venture could rise to even $1.5-2 billion to meet the growing appetite for cruising by Indians over the next few years.
