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INDUSTRY OVERVIEW

The largest service industry of India is the Tourism and Hospitality industry. The ranking of India is at the 3rd position in WTTC Travel & Tourism Power and Performance ranking.

In the Make in India program of the government of India also the tourism industry is said to be an important part. Through the developments in the tourism sector, the development of jobs increases and the economy also gets a boost.

India is at 34th position in 2019 ranking in the Travel and Tourism Competitive Index of World Economic Forum. By 2028, Tourism & Hospitality is forecasted to earn $50.9 bn as visitor exports compared to $28.9 bn earned in 2018

In terms of foreign direct investments, 100?I is allowed through the automatic route.

100?I allowed in tourism construction projects, including the development of hotels, resorts, and recreational facilities.

ABOUT THE COMPANY

The company had a full blueprint of the building of a 7-star hotel that will be attracting a lot of tourists. All the world-class amenities will be provided to the guests and the hotel will be having full 7-star amenities. The company was in need of a soft loan for the project.

SPECIFICATIONS

  • A full detailing of the 7 start hotel was already done by the company.
  • The company's plan was to include in the hotel, spa, rooftop infinity pools, over 10 restaurants, indoor pools, and over 400 rooms.

OUR INVOLVEMENT

The company had approached FDI India for a soft loan for their seven-star hotel project and our company provided the soft loan with less interest rate.

CURRENT SCENARIO

The construction of the hotel is still in process. All the work is going on of the hotel as per the plan laid down by the company.