New Delhi: Prime Minister Narendra Modi on Tuesday met well-known stock market investor Rakesh Jhunjhunwala, noting that he is very bullish about the Indian economy.
“Delighted to meet the one and only Rakesh Jhunjhunwala… Lively, insightful and very bullish on India,”
The Ace Investor is foraying into the aviation sector and is contemplating to invest $35 million to launch an ultra-low-cost airline Akasa Air. The airline will house 70 aircraft within the next four years while the aircraft can carry 180 passengers. Jhunjhunwala had recently told a Bloomberg TV interview that he is “very, very bullish on India’s aviation sector in terms of demand”. Jhunjhunwala will own 40 percent of Akasa Air and is expecting a no-objection certificate from the Aviation Ministry in the next 15 days. A former senior executive of Delta Air Lines Inc will also be associated with Jhunjhunwala’s Akasa Air.
The prime minister also had a “productive” meeting with Nunzio Quacquarelli, the CEO and Managing Director of QS Quacquarelli Symonds Ltd, and said they talked at length about aspects relating to the education sector.
Bureau Report
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