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Projects: Govt aims for $56bn forex earning from tourism by 2030

Fiinews by Fiinews
January 21, 2023
in Projects
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Roadshow - Global Tourism Summit 2023.

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G-20 members to attend New Delhi’s first Global Tourism Summit in April 2023

The Government has a vision of earning US$56 billion forex, creating around 140 million jobs in tourism by 2030 through inclusive growth and by particularly focusing on cruise tourism, ecotourism and adventure tourism.

The Ministry of Tourism Director Prashant Ranjan listed out the target, sharing that India will be showcasing opportunities for investment and trade in various segments of tourism such as theme parks, adventure tourism and wellness tourism at the Global Tourism Investor’s Summit.

He also pointed out the Indian Government’s investments in infrastructure and promotion of the tourism and hospitality sector through various schemes and initiatives.

“We are now introducing Swadesh Darshan 2.0, a scheme to focus on sustainable and responsible development of tourist destinations,” Ranjan said on 19 Jan 2023, announcing the country’s first Global Tourism Summit in New Delhi to be held 10-12 April 2023.

“All G-20 member countries will be invited to participate in the Summit,” he said of India’s program under G20 Presidency.

CII is the Industry Partner for the mega event.

Maharashtra’s Tourism & Cultural Affairs Principal Secretary Saurabh Vijay highlighted the State Government’s plan to develop an online application portal to facilitate investment opportunities in the State’s tourism industry.

Various opportunities such as land for amusement parks, cruise tourism and ecotourism, while focusing on private investment and partnerships in identified areas, said Vijay.

The State Government has identified specific locations and projects such as a mangrove park and aquarium project and are also exploring opportunities in MICE tourism and responsible tourism.

Maharashtra has reduced the number of licenses to 10 only for Ease of Doing Business’ “Mumbai is the Cruise Capital” and Tadoba is the ‘Tiger Capital’, he said, committing his state’s participation in the 1st Global Tourism Investors’ Summit 2023.

“The Indian travel and tourism industry is a rapidly growing and attractive investment destination, due to the growing middle class, efforts by the government to boost the industry, the diverse range of tourist experiences offered, the increasing digitalization of the industry, and the significant untapped potential for growth,” elaborated Sunit Kothari, Co- Convener, CII Maharashtra Sub-group on Tourism and Aviation, as well as Director, Kothari Group.

“Maharashtra, a state in western India, is a popular tourist destination known for its diverse range of attractions including beaches, hill stations, wildlife sanctuaries, ancient temples and monuments. The state has the potential to become an ideal tourism destination, drawing on its many strengths and addressing its current limitations,” he said.

The State Officials of Goa, Madhya Pradesh, Daman & Diu, presented policy initiatives undertaken by their respective Tourism Industries and Department to improve ease of doing business and a summary of unique fiscal and non-fiscal incentives in the sector.

They also presented investment success stories and reaffirmed their commitment towards utilizing the potential of the tourism sector as a vehicle for transformational socio-economic change.

The roadshow has created significant interest among the small and medium operators on the possibilities and promise of the upcoming summit. fiinews.com

Tags: Ministry of Tourism
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