I Am Bhojpuriya

Author: Sutun Nayak

  • SEPC Limited Q1 FY26 Net Profit Skyrockets 105 Percent YoY to INR 17 Cr

    SEPC Limited Q1 FY26 Net Profit Skyrockets 105 Percent YoY to INR 17 Cr

    Chennai (Tamil Nadu) [India], August 18: SEPC Limited (NSE: SEPC | BSE: 532945), a leading Engineering, Procurement, and Construction (EPC) company with a diversified presence across Water & Municipal Services, Roads, Industrial Infrastructure, and Mining sectors, has announced its unaudited financials for Q1 FY26.

    Q1 FY26 Consolidated Financial Highlights

    • Total Income of ₹ 203.8 Cr, YoY growth of 14.4%
    • EBITDA of ₹ 29.8 Cr, YoY growth of 11.9%
    • EBITDA Margin of 14.6%, YoY change of -32 BPS
    • Net Profit of ₹ 16.5 Cr, YoY growth of 104.8%
    • Net Profit Margin of 8.1%, YoY growth of 359 BPS
    • Diluted EPS of ₹ 0.11, YoY growth of 83.3%

    Commenting on the performance Mr. Abdulla Mohammad Ibrahim Hassan Abdulla, Chairman and Non-Executive Director of SEPC Limited, said: “The quarter marked a period of steady progress with meaningful steps taken to strengthen our position in core and emerging sectors. The successful rights issue has enhanced our financial flexibility, enabling us to pursue growth opportunities with greater confidence. Recent contract wins in power plant operations, international infrastructure, and large-scale solar EPC highlight the breadth of our capabilities and our ability to deliver diverse, high-value projects. These developments reinforce client trust in our execution strength across geographies.

    Looking ahead, our priorities remain disciplined project execution, expansion into high-potential sectors, and leveraging technical expertise to capture new opportunities. With a healthy order pipeline and supportive industry trends, we are well placed to drive sustainable business growth in the quarters ahead.”

    Q1 FY26 Key Business Highlights 

    Raises ₹350 Cr 

    via Rights Issue

    		 Raised ₹350 Cr via 35 Cr partly paid-up shares at ₹10 each, with ₹5 payable on application and ₹5 on first and final call, in the ratio of 11 for every 50 shares held.
    Secured Contract
    • Awarding Entity: Bajaj Energy Private Limited
    • Scope: Operation & Maintenance services for 2 × 45 MW power plants at Barkhera Kalan, Maqsoodpur, Khambarkhera, Utraula & Kundarki, Uttar Pradesh
    • Order Value: ₹18 Cr
    Wholly-Owned Subsidiary Secures International Contract
    • Subsidiary: SEPC FZE, Sharjah, UAE, wholly owned by SEPC Limited
    • Awarding Entity: Lauren Engineers & Constructors INC, UAE
    • Scope: Construction, supply & installation of four 45,000-litre steel tanks in Fujairah, UAE
    • Contract Value: USD 8.9 million (Around ₹75.6 Cr)
    Secured 133 MW Solar EPC Project
    • Awarding Entity: Parmeshi Urja Limited
    • Scope: EPC of 133 MW AC solar power project at 26 locations across 4 districts in Maharashtra
    • Order Value: ₹650 Cr

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  • Digikore Studios’ Branded Content Power Play: Kaise Banta Hai Approaches INR 100 Crore Valuation; 30-Episode Season 2 Arrives November 2025

    Digikore Studios’ Branded Content Power Play: Kaise Banta Hai Approaches INR 100 Crore Valuation; 30-Episode Season 2 Arrives November 2025

    Mumbai (Maharashtra) [India], August 18: Digikore Studios Limited (NSE: DIGIKORE), is pleased to announce that its flagship branded content IP, Kaise Banta Hai, now carries an indicative valuation nearing ₹100 crore based on revised projections and market-based benchmarks for format-ready, advertiser-led factual entertainment. This milestone reflects the IP’s growing audience equity, sponsor pull, and multi-platform distribution potential—key drivers of premium valuations in today’s content market.

    Where to Watch

    Season 1 of Kaise Banta Hai is streaming on JioHotstar, expanding the show’s reach across India’s largest digital audiences. Season 2—comprising 30 new episodes—will begin streaming in November 2025, with a slate engineered for deeper brand integrations, broader category coverage, and enhanced international syndication potential.

    Why Branded Content IPs Matter

    Branded content IPs behave like scalable assets—they compound value with every season and geography. Kaise Banta Hai is designed for multiple monetization levers:

    • In-content brand integrations & long-form sponsorships
    • OTT/CTV and broadcast licensing
    • International syndication (including in-flight)
    • AVOD/shorts and social extensions
    • Format sales, remakes, and language dubs
    • This diversified revenue stack creates resilience, improves yield per episode over time, and supports higher enterprise valuations.

    Building the IP Portfolio

    Beyond Kaise Banta Hai, Digikore is building a branded content slate that includes Heroes (impact-led storytelling) and Medical Gurus (health & knowledge). Each title is developed for repeatability and exportability—simple, modular narratives that localize well, unlock format sales, and attract premium sponsors across categories. The portfolio approach widens total addressable market while spreading risk across genres and release calendars.

    Strategic Diversification & Hedge

    For Digikore, branded content is not a replacement for its core VFX business—it is a strategic diversification and hedge that can add substantial incremental revenues and margin accretion over the short, medium, and long term. As content pipelines normalize post-industry strikes, branded IPs offer cash-flow visibility, advertiser co-funding, and cross-platform longevity, complementing the company’s strengths in scalable production, security, and delivery.

    Investor Outlook

    The near-₹100 crore indicative valuation of Kaise Banta Hai, combined with a growing IP slate, positions Digikore to unlock portfolio-level value creation through recurring seasons, regional dubs, and format exports. Management expects branded content to become a meaningful, high-quality revenue stream alongside VFX, with the potential for step-ups in enterprise value as viewership and sponsor density compound.

    Mr. Abhishek More, Managing Director of Digikore Studios Limited, Shared, Digikore Studios Limited is a 25-year, NSE-listed media-tech company with world-class VFX capabilities, branded content IPs, virtual production assets, and AI-enabled workflows. The company partners with leading global studios and platforms, delivering quality at scale with disciplined execution.”

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  • Orient Green Power Reports Robust 446% YoY Jump in Q1 FY26 Net Profit

    Orient Green Power Reports Robust 446% YoY Jump in Q1 FY26 Net Profit

    Chennai (Tamil Nadu) [India], August 18: Orient Green Power Company Limited (NSE – GREENPOWER | BSE – 533263 | INE999K01014), One of India’s leading independent renewable power producers, operating wind farms, has announced its Unaudited Financial Results for Q1 FY26.

    Key Financial Highlights

    • Total Income: ₹93.17 Cr, YoY growth of 38.56%
    • EBITDA: ₹65.92 Cr, YoY growth of 46.39%
    • EBITDA Margin: 70.75%, YoY expansion of 378 bps
    • Net Profit Before Discontinued Operation (PAT): ₹28.85 Cr, YoY growth of 446.40%
    • Net profit Margin: 30.96%, YoY expansion of 2,311 bps

    Business Highlights:

    • PAT improved by over 400%.
    • Y-o-Y growth in turnover and EBITDA by 40%and 46% respectively.
    • Entered into an EPC contract for implementation of 7MW solar power project in Tamil Nadu.

    Commenting on the performance, Mr. T Shivaraman, Managing Director & CEO, said: “The current quarter has been exceptionally strong in terms of generation. An early onset of the wind season, coupled with consistent wind availability and the resumption of certain windmills following component upgradation, has resulted in an ~40% increase in operating revenues. EBITDA recorded a y-o-y growth of around 46%. Finance costs declined by over 15% due to prompt repayments and improved credit ratings. The proposed 25 MW AC solar project will be developed across multiple locations and executed through multiple EPC contractors to expedite completion.

    We expect favourable wind conditions to continue in the second quarter. Together with the commissioning of our upcoming solar project, these factors are expected to deliver stronger returns and improved cash flows.”

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  • India Gears Up for the Next Leap in Aviation as Inter Passenger Terminal Show returns as Airport360 Expo in 2026

    India Gears Up for the Next Leap in Aviation as Inter Passenger Terminal Show returns as Airport360 Expo in 2026

    Mumbai (Maharashtra) [India], August 18: Following the landmark success of its inaugural edition, the Inter Passenger Terminal Show (IPTS) returns with a bold new identity as Airport360 Expo, reflecting its expanded vision to cover the full spectrum of airport innovation. Scheduled for April 15–16, 2026, at the Bombay Exhibition Centre, Mumbai, Airport360 Expo will serve as a dynamic convergence point for terminal design, MRO, ground handling, sustainability, passenger experience, and airside logistics making it India’s most comprehensive airport innovation platform.

    Organised by Media Fusion, the event will build on the momentum of IPTS 2025, which brought together over 2,200 attendees, 62 exhibitors from 10 countries, and more than 50 industry leaders, including key voices from Digi Yatra, Dubai Airports, Navi Mumbai International Airport, MIAL, Malaysia Airport, Vietnam Airport and several other influential organisations. This edition promises deeper dialogues, broader solution showcases, and more actionable outcomes aligned with India’s rapidly evolving aviation goals.

    “With the transformation of IPTS into Airport360 Expo, we are acknowledging a critical shift, from viewing airport terminals in isolation to understanding them as connected ecosystems where design, operations, technology, and passenger experience must work in tandem,” said Taher Patrawala, Managing Director, Media Fusion. “Airport360 will be the platform where aviation stakeholders co-create solutions that are not only future-proof but tailored to India’s high-growth context.”

    Taher Patrawala, Managing Director, Media Fusion-pnn
    Taher Patrawala, Managing Director, Media Fusion

    India is on track to become the world’s third-largest air travel market, with over 160 million domestic passengers flown in FY24, reflecting a 6.1% YoY rise. The government has committed ₹98,000 crore toward aviation infrastructure by 2027, including 21 greenfield airports and modernization of over 100 terminals. While this infrastructure boom is historic, it demands equally advanced strategies for terminal efficiency, sustainable operations, and seamless passenger journeys. With over 50 new airports under development and flight movements projected to cross 2 million annually by 2035, Airport360 Expo ensures that every component of India’s aviation chain has a seat at the table.

    Through its integrated trade show and conference model, the event will drive the conversation around the next phase of airport transformation by doubling down on integrated solutions that encompass smart terminal design with biometric integration, AI-powered passenger flow, predictive maintenance, ground handling automation, and smart apron logistics. It will also spotlight critical enablers such as cybersecurity frameworks, real-time data analytics, sustainable infrastructure, and zero-emission strategies. Expanding its scope further, the platform will introduce timely focus areas including airport retail innovation, multi-modal transport integration, and resilient workforce planning, addressing both domestic challenges and global shifts in airport operations.

    India’s Aviation Sector at an Inflection Point

    While the sector has seen immense growth, challenges persist. Nearly 85% of India’s MRO services remain outsourced, even as the local market is set to touch USD 4 billion by 2031. Meanwhile, 25% of flight delays stem from ground handling inefficiencies and terminal-level disruptions underscoring the urgency for smart coordination, digitized workflows, and tech-enabled airport ecosystems.

    Airport360 is designed to address these gaps head-on by uniting aviation authorities, airlines, OEMs, system integrators, tech firms, consultants, and regulatory leaders to shape scalable, impactful strategies.

    “In an era where aviation is being redefined by climate goals, digital mandates, and unprecedented passenger growth, Airport360 Expo will serve as the strategic blueprint for building intelligent, inclusive, and operationally resilient airports,” said Joseph G Patil, IRS (Customs & Indirect Taxes), Joint Director- Directorate General of Tax payer Services.

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  • AVG Logistics Delivers INR 125 Cr Revenue in Q1 FY26

    AVG Logistics Delivers INR 125 Cr Revenue in Q1 FY26

    New Delhi [India], August 18: AVG Logistics Limited, (BSE – 543910, NSE – AVG), a leading multimodal logistics solutions provider, has announced its unaudited financial results for Q1 FY26.

    Consolidated Key Financial Highlights 

    • Revenue from Operations: ₹125.02 Cr, YoY growth of 1.7%
    • EBITDA: ₹24.28 Cr, YoY growth of 2.8%
    • EBITDA Margin: 19.42%, YoY expansion of 20 bps
    • Profit Before Tax: ₹7.00 Cr, YoY growth of 5.7%
    • Profit Before Tax Margin: 5.60%, expansion of 21 bps

    Commenting on financial performance, Mr. Sanjay Gupta Managing Director & CEO, AVG Logistics Limited said, “Q1 FY26 has marked a promising start to the fiscal year with the strategic wins that reflect our long-term commitment to innovation, efficiency, and sustainability.

    Our successful commercial deployment of India’s first 55-ton electric trucks at Tata Steel reflects our commitment to pioneering sustainable logistics. Our six-year rail lease agreement with Indian Railways enhances multimodal connectivity, opening new corridors to the Northeast and adding long-term revenue visibility. The ₹112 Cr funding secured from PSU banks reinforces market confidence and supports our planned expansion across FTL, cold chain, and green fleets.

    We look forward to executing these initiatives with precision while exploring new opportunities that further enhance shareholder and customer value.”

    Key Highlights of Q1 FY26

    Debt Facilities Secured for FY26 Capex Expansion Received debt funding approvals of up to ₹112 Cr from two prominent PSU banks to support capex in FY26 for asset procurement across Full Truck Load (FTL), cold chain, and green fleets (EV & LNG), with an estimated annualized revenue potential of ₹100 Cr beginning FY27.
    Long-Term Rail Lease Contract with Indian Railways Secured a 6-year lease contract for operating a Parcel Cargo Express Train (PCET) from Indian Railways (Northeast Frontier) connecting Agartala/Guwahati with Delhi/Ludhiana. The contract covers 313 trips, expected to generate ~₹198 Cr and boost multimodal access to Northeast India.
    Inauguration of Electric Vehicles at Tata Steel The Company became the first in India to commercially deploy 55-ton electric trucks from Tata Motors at Tata Steel’s premises for intra-plant and short-haul deliveries, advancing our green logistics strategy and supporting Tata Steel’s carbon reduction goals.

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  • Supreme Power Equipment’s Consolidated Net Profit Grew 31 Percent in Q1 FY26

    Supreme Power Equipment’s Consolidated Net Profit Grew 31 Percent in Q1 FY26

    Chennai (Tamil Nadu) [India], August 18: Supreme Power Equipment Limited (NSE – SUPREMEPWR), one of the leading players in the power and distribution transformer manufacturing industry, announced its Unaudited Financial Results for Q1 FY26.

    Key Financial Highlights

    Q1 FY26

    • Total Income of ₹ 35.18 Cr, YoY growth of 27.80 %
    • EBITDA of ₹ 6.73 Cr, YoY growth of 15.92 %
    • Net Profit of ₹ 4.45 Cr, YoY growth of 31.05 %
    • EPS of ₹ 1.78, YoY growth of 30.88 %

    Commenting on the performance, Mr. Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited said, “We are pleased to report that Q1 FY26 has begun on a strong note, with significant order wins and entry into new markets reflecting the growing reach of our brand. This quarter saw our first-ever and largest single-value order in company history from NLC India Limited, along with repeat orders from TNPDCL, reinforcing our position as a trusted supplier to leading utilities.

    Our foray into Karnataka through KPTCL marks a key milestone in geographic diversification, while multiple renewable energy project orders demonstrate our increasing presence in high-growth segments. In addition, the proposed ₹21.07 Cr fundraise will be strategically deployed towards capacity expansion, technology upgrades, and infrastructure development, strengthening our foundation for future growth.

    Our current consolidated order book stands at around ₹198.12 Cr, providing healthy visibility for the quarters ahead. With robust demand from utilities and renewable energy players, we remain confident of sustaining our growth trajectory in FY26 while creating long-term value for all stakeholders.”

    Key Operational Highlights

    Major Order Wins • Secured ₹60.90 Cr first-ever order from NLC India Limited for inverter duty (solar) transformers, the largest in company history, with a six-month execution timeline.

    • Won two repeat orders from TNPDCL worth ₹16.05 Cr for distribution transformers ranging from 16 kVA/11 kV to 200 kVA/22 kV, with delivery timelines of four and eighteen months.

    • Danya Electric Company, 90% owned by SPEL, secured a ₹4.71 Cr order for 16 kVA/11 kV distribution transformers.
    Entry into New Market • Bagged first order in Karnataka worth ₹8.80 Cr from KPTCL Projects for four 20 MVA, 66/11 kV power transformers, to be delivered in approximately five months.
    Orders for Renewable Projects • Secured ₹16.12 Cr orders from a renewable power project company for inverter duty transformers (1,250–6,000 kVA/33 kV) and two 55 MVA, 110/33 kV power transformers, with four-month delivery timelines.
    Fundraise to Support Growth • Proposed ₹21.07 Cr capital infusion via preferential allotment of 12,47,000 fully convertible warrants at ₹169 each, with allotments to promoter Vee Rajmohan (36%) and non-promoter investors (64%).

    • Funds to be deployed for machinery purchase, software systems, civil infrastructure development, and general corporate purposes.

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  • Shakti Sandhya Garba returns for Season 3 with Divya Chaudhary

    Shakti Sandhya Garba returns for Season 3 with Divya Chaudhary

    Ahmedabad (Gujarat) [India], August 18: Following the success of its first two editions, Shakti Sandhya Garba is set to make a grand return for its third season, promising an even more spectacular celebration of Navratri in Ahmedabad. The event will be held from 22 September to 1 October at the cricket ground near the Jaguar showroom, off SG Highway.

    The highlight of the season will once again be the electrifying performances by Divya Chaudhary, one of Gujarat’s most beloved folk and Garba singers, whose presence is expected to attract large audiences from Ahmedabad, Gandhinagar and beyond. Organisers anticipate a daily footfall exceeding 10,000 garba enthusiasts throughout the ten-day festival.

    More than just a Garba night, Shakti Sandhya has evolved into a cultural phenomenon, combining traditional values, spiritual devotion, and modern presentation. This year’s theme, “Tradition Meets Glamour”, will blend folk aesthetics with contemporary stage design, immersive décor and grand visuals to create a vibrant and engaging festive atmosphere.

    Speaking about the upcoming season, Pratik Amin, organiser of Shakti Sandhya Garba, said, “Season 3 will be bigger, brighter, and more vibrant, and builds on our commitment to delivering a safe, inclusive, and premium Garba experience for devotees of Goddess Ambe. With curated traditional décor, themed experience zones, robust safety protocols, and affordable entry tickets, we aim to provide a truly family-friendly environment that celebrates culture and devotion.”

    In addition to ample parking space and connectivity, which make it easily accessible space for the revellers, the vast open venue offers a perfect mix of high-energy music and a safe, welcoming environment for all, making it the go-to destination for garba revellers seeking to immerse themselves in the joyous beats of garba.

    Divya Chaudhary, who returns to headline Season 3, said, “Ahmedabad’s Garba crowd is energetic, respectful, and deeply connected to tradition. Performing at Shakti Sandhya feels like a celebration in its truest sense. I am thrilled to be back for this incredible third season.”

    Blending culture, community and celebration, Shakti Sandhya Garba Season 3 is poised to be one of the city’s most anticipated Navratri events of the year.

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  • Active Clothing Reports 39 Percent Topline and 76 Percent PAT Growth for Q1 FY26

    Active Clothing Reports 39 Percent Topline and 76 Percent PAT Growth for Q1 FY26

    Mohali (Punjab) [India], August 18: Active Clothing Co limited, (BSE – 541144), India’s one of the leading ‘design-to-shelf’ platform, specializing in flat-knitted sweaters, jackets, and circular-knitted apparel for global fashion brands, has announced its Unaudited Q1 FY26 Financial results

    Key Financial Highlights

    Q1 FY26

    Total Income of ₹ 64.46 Cr, YoY growth of 38.54 %

    EBITDA of ₹ 6.96 Cr, YoY growth of 22.86 %

    PAT of ₹ 2.13 Cr, YoY growth of 75.97 %

    Diluted EPS of ₹ 1.37, YoY growth of 75.64%

    Commenting on the Financial performance Mr. Rajesh Mehra Managing Director, of Active Clothing Co Limited said, “We are pleased to begin FY26 on a strong note, with robust growth in both revenue and profitability in Q1. This performance reflects the strength of our integrated ‘design-to-shelf’ model, which continues to resonate with our global fashion brand partners.

    Our investments in design innovation, advanced manufacturing, and sustainable practices are enabling us to deliver high-quality products with speed and precision, while responding swiftly to evolving market trends. The quarter’s growth was driven by healthy demand in flat-knitted sweaters, jackets, and circular-knitted apparel, alongside operational efficiencies across our value chain.

    Looking ahead, we remain focused on deepening customer relationships, expanding our product portfolio, and leveraging technology to enhance agility and scalability. With a solid foundation in place, we are confident in sustaining this growth momentum and creating long-term value for our stakeholders.”

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  • Khazanchi Jewellers EBITDA Soar 57 Percent and PAT by 65 Percent Q1 FY26

    Khazanchi Jewellers EBITDA Soar 57 Percent and PAT by 65 Percent Q1 FY26

    Chennai (Tamil Nadu) [India], August 18: Khazanchi Jewellers Limited (BSE: 543953), one of the leading Indian jewellery companies specializing in gold, diamonds, precious stones, and bullion items has announced its unaudited Financial Results for Q1 FY26.

    Key Financial Highlights

    Total Income of ₹ 403.84 Cr, YoY growth of 5.94%

    EBITDA of ₹ 21.15 Cr, YoY growth of 57.07%

    EBITDA Margin of 5.24%, YoY growth of 170 Bps

    PAT of ₹ 15.15 Cr, YoY growth of 64.73%

    PAT Margin of 3.75%, YoY growth of 134 Bps

    Diluted EPS (₹) of ₹ 6.12, YoY growth of 64.52%

    Commenting on the financial performance Mr. Rajesh Mehta, Chairman & Joint Managing Director, Khazanchi Jewellers Limited said, “We are delighted to begin FY26 on a strong note, delivering a 65% YoY growth in PAT during Q1. This improvement was underpinned by festive and wedding demand, record-high gold prices, and a shift towards lighter yet high-value designs driving consumer interest. Leveraging our strong presence in Southern India, trusted brand reputation, and curated product mix, we were able to capture value-driven demand, supported by our focus on hallmarked purity, transparent pricing, and agile inventory management ensuring robust sales momentum.

    Coupled with industry tailwinds such as festive demand, evolving consumer preferences, and government reforms to enhance transparency and affordability, these factors, along with our expanding retail footprint and operational agility, place us in a strong position to sustain growth and deliver long-term value for our stakeholders.”

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  • LGT Business Connextions Limited IPO Opens on August 19, 2025

    LGT Business Connextions Limited IPO Opens on August 19, 2025

    Mumbai (Maharashtra) [India], August 18: LGT Business Connextions Limited (The Company, LGT Business) specializes in offering integrated travel solutions by aggregating services from third-party hotels, airlines and visa agents, directly or through leading aggregators, proposes to open its Initial Public Offering on August 19, 2025, aiming to raise ₹ 28.09 Crores with shares to be listed on the BSE SME Platform.

    The issue size is 26,25,600 equity shares with a face value of ₹ 10 each with an IPO price of ₹ 107 Per Share.

    Equity Share Allocation

    Non-Institutional Investors – 12,46,800 Equity Shares

    Individual Investors – 12,46,800 Equity Shares

    Market Maker – 1,32,000 Equity Shares

    The net proceeds from the IPO will be utilized for capital expenditure, working capital requirements and the general corporate purposes. The issue will open on Tuesday, August 19, 2025 and will close on Thursday, August 21, 2025.

    The Lead Manager to the Issue is Mark Corporate Advisors Private Limited, and the Registrar to the Offer is Skyline Financial Services Private Limited.

    Mr. Wilfred Selvaraj, Managing Director of LGT Business Connextions Limited expressed, “Our IPO represents a transformative opportunity to accelerate the company’s growth. We have evolved into a recognized player in integrated travel solutions, serving diverse needs from corporate MICE to leisure holidays and bespoke programs. The capital raised will enable us to strengthen our market presence, introduce new offerings, and expand across domestic and international destinations. With a focus on innovation, service excellence, and strategic partnerships, we are well-positioned to leverage the rising demand in India’s travel and tourism industry and create lasting value.”

    Lead Manager – Mark Corporate Advisors Private Limited said “The IPO of LGT Business Connextions marks a significant milestone in the company’s journey. Over the years, it has built a strong presence in the integrated travel solutions space, offering a wide portfolio from corporate MICE and leisure holidays to bespoke travel programs. The proposed issue will provide the capital required to accelerate expansion, enhance service capabilities, and strengthen its market position. With a clear growth strategy, strong industry fundamentals, and a proven management team, we believe the company is well-placed to capture the emerging opportunities in India’s rapidly growing travel and tourism sector.”

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