Air India handed over to Tata Group
New Delhi(PTI): The government on Thursday officially handed over Air India to the Tata Group. Tata Sons chairman N Chandrasekharan said the group is very happy to have Air India back in its fold.
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told reporters that Air India has been handed over to Talace Private Limited, a subsidiary of the Tata Group's holding company, which is the successful bidder.
"Now, the new owners (of the airline) are Talace," Pandey noted.
Speaking to reporters here, Chandrasekharan said, "We are totally delighted that the takeover process of Air India is complete."
"We are very happy to have Air India back in the Tata group. We look forward to working with everyone to create a world-class airline," he added.
After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited for Rs 18,000 crore.
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PM Modi visits Kuwait: First visit of Indian PM in 43 years
New Delhi: Prime Minister Narendra Modi will embark on a two-day official visit to Kuwait on Saturday, marking the first visit by an Indian Prime Minister to the Gulf nation in 43 years. The visit aims to strengthen cooperation in defence, trade, and other key sectors through discussions and agreements between the two nations' leaders.
During the visit, PM Modi is scheduled to hold talks with prominent leaders of Kuwait, visit Indian workers' camps, and address the Indian community. He will also participate in the inauguration ceremony of the Gulf Cup football tournament.
According to the Ministry of External Affairs, discussions on bilateral investment and defence cooperation agreements are already underway. Secretary of Overseas Indian Affairs, Arun Kumar Chatterjee, expressed optimism that several bilateral agreements will be signed during the visit.
He termed the visit as "historic," adding that it would open a new chapter in India-Kuwait relations. "This visit will not only strengthen existing ties but also unveil new opportunities for future cooperation. It will reaffirm the values shared by both nations, building a stronger and more dynamic partnership," he said.
The visit is also expected to bolster India’s ties with the Gulf Cooperation Council (GCC), further enhancing regional collaboration.
