Ritesh Agarwal, the founder and CEO of OYO Rooms, a renowned global hotel chain, has advocated for international companies to seize the opportunity to set up shop in India. Agarwal, who also serves as a celebrity judge on Shark Tank India, expressed his views in a recent post on social media platform X.
Agarwal highlighted the current favorable conditions in India, citing the country's friendly government policies and favorable business environment. “This is the ideal time for global companies to set up business in the country,” he stressed.
He also highlighted India's growing appeal as a destination for global brands, saying, “Today, every global brand wants to be in the country.”
Reflecting on India's evolving role on the global stage, Agarwal noted, “From the back office of the world to the talent capital of the world, India has come a long way globally.”
Agarwal delivered a direct message to businesses across the globe, emphasizing the importance of considering India in their expansion strategies. “If you are a global brand, a startup or a company and India is not on your radar, you are probably missing out on a lot,” he warned.
Hotel and travel technology giant OYO Rooms recently announced its financial results for the third quarter of fiscal 2024. The company reported a profit after tax (PAT) of Rs 30 crore, marking another successful quarter after a PAT of over Rs 16 crore in the second quarter of the same fiscal.
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