Low-cost Indian carrier SpiceJet has secured its board’s approval to raise up to INR 30 billion ($358 million) through institutional investors, a move disclosed in a filing to the Indian stock exchange on Tuesday.
13.07.2024 - 10:51 / skift.com / River Cruise / Cruises / Bulbul Dhawan
Till a little over a century ago, river cruising was quite prevalent in India until railways took over as a faster means of transport. Cut to now, the activity is back and growing in the country, only now it’s more for leisure, said Raj Singh, chairman of Heritage River Journeys, which operates Antara River Cruises in India.
“River cruising in India is a new concept now and most people either do not know about it or do not understand its intricacies as it is a combination of cruising, hospitality, and touring,” Singh told Skift. He added that though popular in Europe and Americas, this concept is in a nascent stage in India and this despite the fact that the country has 110 national waterways, of which Antara operates on three.
Since its first sail in 2009 till March 2024, Antara River Cruises has hosted about 20,000 passengers. However, 90% of its patrons are international travelers.
“We have tried to put India on the world map for river cruises with our Ganga cruises. Moreover, in 2023, we launched the longest river cruise in the world: the 50-day Ganga Vilas cruise that covers a distance of 3200 kms (1990 miles). It travels from Varanasi in Uttar Pradesh to Dibrugarh in Assam via Dhaka in Bangladesh,” he shared.
Majority of the travelers that Antara hosts are from the U.S., where river cruising is popular, said Singh. “We also host guests from Europe, the UK, Australia, Turkey and Israel,” he said.
According to Singh, one aspect that tourists enjoy is the intimate nature of these cruises as the vessels are small, ferrying between four to 50 travelers on a single journey, depending on the route and the ship. The company is also set to launch a single-key Nauka Vilas by October this year.
Singh shared that travelers visiting India usually take a trip to Delhi, Agra, and Jaipur and then combine that with a seven-night cruise. Alternatively, they also sometimes opt to club the river cruise with a trip to one city in India and then proceed onwards to Nepal or Bhutan.
“But then there are serious river cruise travelers who travel on our 50-day cruise and those often run full,” he said.
The scope for river cruising in India is immense, according to Singh. However, Indian tourists are not aware of this activity. “Some people from India travel to Europe for river cruising, but they are not aware of river cruises in India itself.”
And while they opt for seven-night river cruises while traveling internationally, in India, domestic tourists prefer two- or three-night cruises. This is what led the company to launch short cruises in Varanasi and Odisha.
The government has also been working with private companies to increase awareness of river cruising. In the 1980s, the government had formed the Inland
Low-cost Indian carrier SpiceJet has secured its board’s approval to raise up to INR 30 billion ($358 million) through institutional investors, a move disclosed in a filing to the Indian stock exchange on Tuesday.
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