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Home Investment

Investments: Hospitality industry has strong interest in north-east destinations

Fiinews by Fiinews
December 19, 2022
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Ministry to invite global investments in tourism, says Dr Suri

Hospitality industry has strong interest to invest in the north-east destinations as well as in Lakshadweep and Andaman & Nicobar Islands which is an encouraging sign, according to Arvind Singh, Secretary, Ministry of Tourism.

India will be one of the few countries in the Asia Pacific for inbound Tourism to recover faster in 2023 as destinations across the country are receiving a high volume of tourist traffic, he told industry representatives during the ’95th Annual Convention and AGM of FICCI’ on 18 Dec 2022.

Spiritual Tourism is also growing significantly due to the conscious investments and development happening for this circuit, he added.

“There is a huge potential in India tourism that is still yet to be realized and this will help the sector to grow immensely,” added Dr Jyotsna Suri, Past President, FICCI: Chairperson, FICCI Travel, Tourism & Hospitality Committee and Chairperson & Managing Director, The Lalit Suri Hospitality Group.

“Tourism is the largest employment generating sector, and the benefits of tourism must reach at all levels,” he said while speaking on the Tourism Ministry’s plans and strategies to raises tourism dollar contribution to US$1 trillion to the GDP by 2047.

Singh noted that the Ministry has identified niche segments such as adventure tourism and is working closely with the respective States and private stakeholders to create uniform guidelines for all states to follow.

“The role of technology will also drive demand in Travel & Tourism. Initiatives such as the recently launched Digi Yatra will provide seamless travel across the country,” he said.

He also believes that the 200 meetings to be held in 55 destinations during the G20 Summit across the country will showcase the country’s tourism potential.

Apart from these meetings, the Tourism Ministry will also conduct specific events for inviting global investments in tourism, meetings of the tourism working group at the Rann of Kutch, Siliguri, Darjeeling, Jammu & Kashmir and Goa and promotion of tourism exchange at the Great Indian Travel Bazaar in Jaipur, he said.

For Visit India 2023, the Ministry will also be participating in major global trade shows along with the private industry to showcase India to the world. fiinews.com

Tags: FICCI
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