Panoramic Universal - Buys Travel agency in USA

Panoramic Universal Ltd has announced that complementing its Indian travel industry foray, the Company now enters the USA travel market with acquisition of business of Future Travels; a New York based travel agency doing business since three decades. It is the biggest consolidator of Air India and Kuwait Airlines and has association with 600 small and big businesses having served more than 15,000 customers, with a turnover of USD 10 million. The Company has acquired the business of Future Travels Inc through its wholly owned subsidiary in USA for a cost of USD 800.000.