Tourism Investors Meet launched by FICCI

Published on : Tuesday, July 11, 2017

Tourism Investors MeetFederation of Indian Chambers of Commerce and Industry (FICCI) launched the third edition of ‘Tourism Investors Meet’ from July 5-6, at the Federation House, FICCI in New Delhi. The aim of the event was to unravel the investment potential in tourism infrastructure in India. The two-day event focused on one-to-one meetings where the exhibiting destinations showcased their policies and facilities with respect to soliciting investment in tourism infrastructure through pre-scheduled structured face-to-face business meetings between the state governments and prominent investors.

 

Leaders from states like Madhya Pradesh, Rajasthan, Andhra Pradesh, Uttarakhand, Odisha and many more, participated to discuss about the gaps in the tourism sector, development of experiential tourism and creating world-class infrastructure.

 

A FICCI-Yes Bank knowledge report titled ‘Investment in Tourism Infrastructure: Igniting India’s Growth Engine’ was also unveiled by the dignitaries, which stated that the tourism investment in India accounted for 5.7 pc of the total investments in 2016, and over the next 10 years, the sector is expected to experience increased tourism investment of up to 4.5 pc per annum.

 

At the event, Rashmi Verma, secretary, Ministry of Tourism, Government of India, discussed that the tourism sector suffers from a gap regarding world-class infrastructure development in the country’s tourism destinations, and said that there was a shortage of around 100 thousand classified hotel rooms in the country, which can be bridged only by the states as they adopt investor-friendly policies.

 

Also, cruise tourism and textile tourism was discussed. For that purpose, overseas offices are also being revamped to reach out to tourists across the globe.

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