Friday, November 14, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Industry Sectors

India needs to build 100,000 hotel rooms for tourists

Fiinews by Fiinews
July 7, 2017
in Industry Sectors, Infrastructure, Investment, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
11
VIEWS
LinkedinShare on Twitter

State-private sector to build world class infra.

Rana Kapoor
Source: YES Bank. Rana Kapoor expects 50 million jobs in tourism sector by 2027.
States, adopting investor-friendly policies, will need to build one lakh classified hotel rooms to support world-class tourism infrastructure, according to Rashmi Varma, Secretary, Ministry of Tourism.

She assured that the government is looking to giving infrastructure status to the development of small hotel units to support tourism industry.

Elaborating, Varma said that there was a need to develop experiential tourism for foreign tourists such as cruise tourism and textile tourism.

India’s tourism offices overseas are also being revamped to reach out to tourists across the globe, she added.

The ministry’s website is being made more dynamic and robust with all relevant information for promotion and marketing of tourism products while social media was being leveraged to reach global tourists.

But the sector faces challenge in creating world class infrastructure to significantly increase tourist arrivals and create a strong, unequivocal ‘Brand India’, said Dr. Jyotsna Suri, Chairperson of the Tourism Committee at the Federation of Indian Chambers of Commerce and Industry (FICCI).

The Government and industry need to join hands to jointly create a policy landscape that can spur the growth momentum. She urged the stakeholders to utilize the varied FICCI platforms which were promoting tourism to realize the true potential of this sector, said Suri, also Chairperson and Managing Direct of Lalit Suri Hospitality Group,

Rana Kapoor, CEO & MD, YES BANK and Chairman, YES Global Institute, noted that “India’s Travel & Tourism industry is the seventh largest in the world and is also a major generator of employment and livelihood in India, accounting for 9.3% of total employment in 2016. He expect the sector to generate nearly 50 million jobs by 2027.”

The FICCI-YES BANK Knowledge Report ‘Investment in Tourism Infrastructure: Igniting India’s Growth Engine’ makes key recommendations towards unleashing the true potential of this vital sector through sustainable infrastructure development.

“I am confident that this publication will encourage productive dialogue amongst all stakeholders in the Travel & Tourism value-chain and contribute towards making tourism a key driver of India’s growth story,” said Kapoor.

The way forward to develop tourism sector in India was by granting infrastructure status to smaller projects; improving ease of doing business; enhancing private sector participation, stressed Nikhil Sahni, Senior President and Country Head of Government Relationship Management & Strategic Government Advisory at Yes Bank.

Hari Ranjan Rao, Managing Director, Madhya Pradesh State Tourism Development Corporation Ltd, pointed out that tourism is private sector driven and action lies in the state for the development of tourism infrastructure as 80 per cent of the items related to it were in the State List.

Speaking about the initiatives undertaken by the Madhya Pradesh government, he said that the new tourism policy which came into effect in 2016 in the state has made it easier for investors to acquire land by creating land banks for developing hotels.

The process of lease, tenders and bids have been made transparent by making all the information available online.

The Madhya Pradesh government was facilitating the investors in various segments such as water sports and cruise tourism with its policies in diverse sectors related to tourism.

Meanwhile, the Uttarakhand Government is working towards unveiling a new policy to give a fillip to the tourism sector in the state, which is home to paanch dhams – Kedarnath, Badrinath, Yamunotri, Gangotri along with Sri Hemkund Sahib.

The official spoke at the third edition of FICCI ‘Tourism Investors Meet’ held 5 July 2017. fii-news.com

Tags: Federation of Indian Chambers of Commerce & IndustryMinistry of Tourism
ShareTweetShare

Related Posts

Nava logo
Investment

Invest: Nava expands in Zambia-Southeast Asia

by Fiinews
November 8, 2025
0
12

Zambian avocado yield from H2’FY26 Hyderabad’s Nava Limited, a diversified Indian multinational with interests spanning Metals, Mining, Energy, Commercial Agriculture,...

ReNew
Projects

Project: ADB lends for AP clean energy development

by Fiinews
November 8, 2025
0
17

First project funded by ADB to generate 1,641 GW/hour ReNew Energy Global Plc (NASDAQ: RNW) has secured US$331 million from...

PIB

Project: India-Luxembourg to deepen cooperation

November 8, 2025
13
SEAS

Project: Singapore businesses eye opportunities

November 7, 2025
15
Lighthouse Canton

Invest: Lighthouse says $40m for next growth phase

November 5, 2025
27
PIB

Project: India-Israel sign Defence MoU

November 6, 2025
13
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Technology: Impact of FinTech conferences on students and future opportunities in industry

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Invest: Nava expands in Zambia-Southeast Asia
  • Market: Oremus forays into Europe from Helsinki
  • Project: ADB lends for AP clean energy development
  • Export: Technical talks on India-EU FTA continues
  • Tender: NPG evaluates 154-km NH160A proposal

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.