December 31, 2020
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Pinning hopes on inland water transport, coastal shipping and tourism, the Kerala Shipping and Inland Navigation Corporation is eyeing a doubling of its business revenue to ₹100 crore in the next financial year.
Against the targeted turnover of ₹50 crore in the current fiscal, the state-owned entity has clocked ₹20 crore in Q3 despite setbacks to various activities on account of the pandemic.
However, the re-opening of tourism destinations will undoubtedly boost the cruise trips offered by vessels
Nefertiti and
Sagararani to Arabian Sea that would further mop up the revenue, said Prasanth Nair, Managing Director, KSINC.
The company has recorded a profit of nearly ₹1 crore in 2019-20. The focus on tourism activities has started generating income especially with the cruises which is evident from the enthusiastic customer bookings, he said.
KSINC poised for growth, despite setback
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Updated:
It records profit of ₹1 crore in 2019-20; crosses business of ₹20 crore
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The revenue from Nefertiti, the luxury cruise vessel owned by KSINC, went up from ₹69.84 lakh to ₹2.4 crore in the last fiscal.
It records profit of ₹1 crore in 2019-20; crosses business of ₹20 crore
The Kerala Shipping and Inland Navigation Corporation (KSINC), which recorded a profit of nearly ₹1 crore in 2019-20, crossed business of ₹20 crore by the third quarter of the financial year 2020-21, despite setbacks caused by the COVID-19 socio-economic conditions, Prasanth N., Managing Director, KSINC, said.
The Kochi-based public sector undertaking focuses on inland water transport, coastal shipping, and tourism. The revenue from