Latest news with #SkyviewbyEmpyrean
Time of India
3 days ago
- Business
- Time of India
FIL Industries eyes more ropeway projects, looks to raise Rs 200 crore via equity
Diversified enterprise FIL Industries Pvt Ltd is looking to add four to five projects to its ropeway business and plans to raise Rs 200 crore on equity to expand the vertical, according to its Executive Director Syed Junaid Altaf. The company, which has invested about Rs 750 crore on three ropeway projects -- Skyview by Empyrean at Patnitop, Dehradun-Mussoorie and Yamunotri-Kharsali -- plans to bundle all of its current and future projects in a single SPV where the company holds ownership, and raise capital through infra fund, PE or a strategic partner route, Altaf told PTI in an interview. When all the first three projects are operational, he said the company is looking at "carrying anywhere between 3.5 million to 4.5 million passengers by 2030-31". While the Patnitop project is already operational, Dehradun-Mussoorie is expected to start by 2026 and Yamunotri-Kharsali in 2028. "We are now looking at four to five active projects and we are now also looking to raise capital. We are looking to bundle all of them in a single SPV where we hold ownership, and then that SPV holds ownership in the projects," he said when asked about the company's plans for the ropeway business. On the amount of capital the company is looking to raise, he said,"We are looking to raise at least Rs 200 crore on equity so that it sees us through at least another three projects." Live Events Altaf further said,"We will go either an infra fund route, or a PE (private equity) route or a strategic partner route." This, he said, is a way to "monetise and gain access to capital to scale this business". On the size of the total future projects that FIL is looking at, he said,"For us, (it is) anywhere between Rs 1,000 crore to Rs 1,200 crore." Being "specialists in pure PPP (public private partnership)" with revenue sharing with the government, he said in future too FIL would look for such projects which is of similar nature "where as much as the revenue share is with the government, pricing on the ropeway has to be determined by us" and the company is allowed to build tourism infrastructure, such as food and beverages and entertainment area, around the ropeway. FIL Industries, which has presence in crop nutrition, protection, stone fruit nursery, fruit juice concentrate, post harvest management, and sustainable mobility and infrastructure, had clocked an overall top line of Rs 430 crore with the nascent ropeway business about 5 per cent of total revenue. "But we anticipate the ropeway business by FY30 -- five years from today, when we have two more projects -- at least to be anywhere between 20 to 25 per cent (of total revenue)," Altaf said.
United News of India
29-05-2025
- Entertainment
- United News of India
Awestruck by beauty of Patnitop: Bollywood actress Huma Qureshi in Jammu region
Jammu, May 29 (UNI) Bollywood actress Huma Qureshi on Thursday said that she was awestruck by the beauty of Patnitop tourist destination in Jammu region. Huma, on the second day of her visit to the Jammu region, explored the scenic landscapes of Patnitop and Nathatop, where she experienced a firsthand taste of adventure through activities such as camping and nature walks. At Skyview by Empyrean, Patnitop, she took a ride on the highest gondola in Asia above the tree line, a marvel of engineering constructed without cutting a single tree. The initiative stands as a significant step towards eco-tourism and sustainable tourism practices in Jammu and Kashmir. Officials urged her to encourage more celebrities to visit and promote the scenic and cultural richness of Jammu. Speaking on the occasion, Huma Qureshi said that she was absolutely awestruck by the beauty of Patnitop. She added that the warmth and hospitality of the people here are truly unmatched. Referring to the larger Jammu region, she mentioned that destinations like Katra, Bhaderwah, Bani, Billawar, Basohli, Marwah-Warwan, Rajouri, Poonch and several others are blessed with abundant natural beauty and rich cultural heritage. She further stated that Jammu and Kashmir is safe, serene, and one of the most breathtaking destinations in India. She wholeheartedly invited all tourists from across the country and the world to come, explore and experience this unmatchable beauty of Jammu and Kashmir. During her visit to Skyview by Empyrean, Huma Qureshi interacted with officials and stakeholders including Deputy Commissioner Udhampur, Saloni Rai, Director Tourism Jammu, Vikas Gupta, CEO Patnitop Development Authority, Devander Singh Bhau, Joint Director Tourism Jammu, Aijaz Qaiser and members of the Patnitop Hotels Association, where discussions were held on strengthening tourism prospects in the region. Later in the day, she visited some of the well-known restaurants in Jammu city, where she enjoyed the authentic local flavors including GI-tagged Kalari Kulcha, Anardana Chutney, Gucchi Pulao, Rajma and other traditional delicacies. Director Tourism Jammu informed that the visit was planned as part of a strategic initiative to promote the diverse tourist destinations of the Jammu region. He added that more celebrity visits are scheduled in the coming days, with the aim of showcasing the region's potential and inviting tourists from across India and around the world to experience the unmatched beauty and cultural vibrancy of the region. The members of the Patnitop Hotels and Restaurant association wholeheartedly thanked the Government of J&K, Commissioner/Secretary Tourism, Yasha Mudgal and Director Tourism Jammu for conceptualising and supporting this initiative. They also extended their full support for similar promotional events in the future to strengthen Jammu's position on the national and international tourism map. Huma Qureshi's visit marks the beginning of a focused campaign by the Directorate of Tourism, Jammu, aimed at rebuilding traveller confidence and showcasing Jammu as a prime destination for adventure, culture, cuisine and natural beauty. This initiative is expected to significantly boost the tourism profile of the region. UNI VBH RN
Fashion Value Chain
21-04-2025
- Business
- Fashion Value Chain
Skyview by Empyrean Leads India's Ropeway Revolution
Skyview by Empyrean, a venture of FIL Industries Private Limited, is setting new benchmarks in India's ropeway sector. After its success with the Skyview Gondola in Jammu, the company is now developing India's longest monocable ropeway—spanning 5.8 km from Dehradun's Purkulgam to Mussoorie's MDDA taxi stand. Phase I is expected to be completed by September 2026, with travel time reduced to under 20 minutes. In addition, FIL has secured the 3.8 km Yamunotri ropeway project, connecting Yamunotri with Kharsali in Uttarakhand, reinforcing its leadership in green mobility. Executive Director Syed Junaid Altaf emphasized the brand's mission to deliver world-class infrastructure that's sustainable, safe, and community-focused. Skyview Gondola showcases this vision through eco-conscious construction, planting over 8,000 saplings and avoiding tree cutting during development. The brand collaborates with international leaders like POMA, E.R.I.C Ropeways, MND Group, Sage Geotech Inc., and Dianeige Mountain Design to bring advanced engineering and global standards to Indian ropeways. Skyview Gondola, with 18 eight-seater cabins, stands as the largest Indo-French mountain tourism project. With rigorous safety protocols—including 200+ daily checks, annual third-party certifications, and zero unplanned breakdowns—the system operates 364 days a year. Preventive maintenance and rescue drills with NDRF, led by European-certified trainers, ensure complete readiness. Skyview by Empyrean's Jammu project was recently awarded the FICCI Excellence Award for Maintenance Systems and recognized by the Responsible Tourism Society of India as the country's first Sustainable Tourism Destination. With government initiatives like the Parvatmala Pariyojana, India's ropeway sector is poised for rapid growth, and Skyview by Empyrean is leading the charge.
