 Bangalore:
Foreign exchange giant Travelex said it expects
to double the company''s turnover in India to Rs2,000
crore in another year.
The
company has also tied up with HDFC Bank for doorstep
delivery of foreign exchange. Initially launched in
Delhi, it will be rolled out in other cities as well.
Yogesh Shetty, managing director, Travlex South Asia,
said the company was in talks with several other banks
for similar services.
"During
the last fiscal year, Travelex India posted a turnover
of Rs1,000 crore. We expect to double it during the
next fiscal," the Travelex chairman and chief executive
officer, Lloyd Dorfman, told newspersons.
He
said the Indian operations had already turned profitable.
"We haven''t been able to do that everywhere in
places where we have started from scratch," Dorfman
said.
He
said the Asia-Pacific region was growing fast compared
with last year. He said last year, SARS had impacted
the region badly and tourism had shown a downtrend.
Dorfman said operations in India would be expanded and
there are plans to develop it as a regional hug for
South Asia.
To
avail of the doorstep delivery of foreign exchange,
a customer needs to call up the nearest HDFC Bank branch
or phonebanking number
and inform them about their foreign exchange requirements
and the form it is desired in - traveller scheques or
foreign currency cash, leaving the rest to HDFC Bank
and Travelex.
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