India Hospitality Corp.
20 September 2006
For Immediate Release 20 September 2006
INDIA HOSPITALITY CORPORATION PLC
BOARD APPOINTMENT
India Hospitality Corporation, the AIM-listed special purpose acquisition
vehicle focusing on hospitality, leisure, tourism, travel and related businesses
in India, is pleased to announce the appointment of Rajeev Talwar (51) to the
Board as a Director. The appointment is effective immediately.
Mr Talwar was until recently Additional Director General (Ministry of Tourism)
for the Government of India and also Chairman and Managing Director of the India
Tourism Development Corporation, which manages government owned hotels, travel
agencies and duty free shops. He was also Chief Executive Officer of the
National Council for Hotel Management and Catering Technology.
Prior to joining the Ministry of Tourism, Mr Talwar was assigned to the Delhi
Government where he managed many portfolios. He was the Principal Secretary
Transport and Tourism through 2004. He was earlier Special Commissioner
Transport in 2001. He was a Director on the Board of the Delhi Metro Rail
Corporation in 2001 as well as through 2004. He was Managing Director and Chief
Executive Officer of Delhi Tourism from August 2001 to December 2003 where he
was responsible for the implementation of the entire tourism policy of Delhi. He
was also Secretary Environment in 1999-2000 and Secretary Information and Public
Relations Department from June 1999 to January 2005. From July 2004 till January
2005 he was also Chairman and Managing Director of Delhi Transportation
Corporation.
Mr Talwar has been in the Indian Administrative Service (IAS) since his
induction in 1978. During his 28 year career he has had extensive experience at
senior management level, being involved in policy making as well as having
widespread field experience. His extensive career includes experience in civil
aviation, tourism, labour, shipping, roads, inland waterways, coal and food
processing. As a result of his position, Mr Talwar has had exposure to
management of a large number of public and private sector enterprises along with
statutory bodies in the transport, tourism and infrastructure sectors.
Mr Talwar holds a B.A. (Honours in History) and M.A. (History) from St.
Stephen's College, Delhi.
Commenting on the appointment, Jason Ader, Chairman and Chief Executive said:
'We are delighted to announce Rajeev's appointment to the Board of India
Hospitality Corporation. We are confident that his impressive breadth of
knowledge, skills and experience across Government and Corporate life will
greatly assist us in our future development.'
No further information falls to be disclosed under the AIM rules.
For further information please contact:
India Hospitality Corporation
Jason Ader, Chief Executive 001 212 445 7800
Buchanan Communications
Richard Darby, Mark Edwards 020 7466 5000
Notes to Editors
India Hospitality Corp. ('IHC') is a Special Purpose Acquisition Corporation
(SPAC) created to partner with a privately owned hospitality related business in
India. The recent $100m fundraising on AIM makes IHC the largest SPAC focused on
fast growing Indian cities and top tourist destinations in India.
The management team is headed by Jason Ader, who has a proven track record in
hospitality sector investment and research and was previously Senior Managing
Director with Bear Stearns & Co before founding New York based investment
manager Hayground Cove.
This information is provided by RNS
The company news service from the London Stock Exchange