24 March , 2023 Fdiindia
Foreign Investment Invited by India after High USD Potential
The present investment landscape in India makes it an attractive investment destination in a variety of sub-sectors of the Indian tourism industry. It includes sectors like hospitality and lodging, wellness tourism, adventure tourism, eco-tourism, rural tourism, etc.
The nation’s first Global Tourism Investors Summit will be organised by the Ministry of Tourism. The event will be held in New Delhi on 17-19 May to attract FDI in this sector.
It was stated by G. Kishan Reddy, Minister of Tourism, Culture, and DONER, while addressing the Heads of the Missions at Vigyan Bhawan on Thursday.
Adding to his statement, Arvind Singh from the Ministry of Tourism said that in order to display investable opportunities to investors, till now, 25 states have shared 350 plus investable projects with a total investment potential of around Rs 64,000 crore (USD 7.7 billion) with the Ministry of Tourism.
He said that GTIS would also consist of a lot of knowledge sessions that are focused on topics like sustainability, digitalisation, technology, insights, state-specific issues, and other tourism sub-sectors. Business-to-business and business-to-government engagements will be facilitated by these sessions.
A total of 42 Foreign Missions participated in today’s session. The G-20 presidency will give India’s tourism sector an unparalleled opportunity to highlight the tourism offerings of the country and share India’s tourism success stories on a global stage.
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