Suman Billa’s Speech on Tourism’s Future Growth Marks FHRAI Hospitality Awards

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The third day of the FHRAI Hospitality Awards Convention brought together some of the most influential voices in India’s tourism and hospitality sectors, addressing key issues surrounding the nation’s growth trajectory. Mr. Suman Billa, Additional Secretary of the Ministry of Tourism, Government of India, delivered a powerful speech, highlighting the transformative growth expected in the industry.

Mr. Billa underscored the significant investment needs for India’s tourism sector, which is expected to reach a market size of ₹2 million crore by 2029. He said, “India is on a long-term growth cycle, but to maintain this momentum, we require an additional investment of ₹6.5 million crore. We have already identified the need for ₹8,72,000 crore in investment to meet our ambitious goals.

He emphasised the importance of reforming capital structures, especially by shifting hotels from the real estate lending list to the infrastructure list. This would enable lower interest rates on debt and longer repayment periods. If the government can create the right conditions for entrepreneurial growth, investments—both domestic and international—will flow into the tourism and hospitality sectors. India’s tourism growth story is only just beginning.”

The day also featured an inspirational speech by legendary South African cricketer Mr. Jonty Rhodes, who spoke passionately about India’s global impact, not only in sports but across industries. “India has transformed from “Incredible India’ to “Inevitable India.’ Everyone wants to be here, and we have seen tremendous growth, particularly in cricket and tourism. It’s exciting to see the passion and energy driving
this transformation. The FHRAI Convention is playing a key role in highlighting these possibilities and creating a roadmap for growth, making India not just a destination, but an unforgettable experience for visitors across the world.” said Rhodes, sharing his experiences with the Mumbai Indians cricket team and their shared journey in India.

A major highlight of the evening was the Hotel Entrepreneur Award presented to Mrs. Anju Timblo, Managing Director & CEO of Fomento Resorts & Hotels Pvt. Ltd., for her exceptional contributions to the hospitality sector. Her leadership and vision have played a pivotal role in raising the standards of luxury hospitality across India.

The event concluded with a Vote of Thanks from Mr. Chetan Mehta, Co-Chairman of the FHRAI Convention Organizing Committee, who extended heartfelt gratitude to the dignitaries, award recipients, and participants for making the event a resounding success.

As the convention progresses, it continues to emphasize the critical role tourism plays in India’s economic growth and the collaborative efforts essential to maintaining its momentum.