Tag Archives: Incredible India Tourism Investor’s Summit

States like Gujarat, Rajasthan, Karnataka, Uttarakhand and Chhattisgarh exchanged 86 MoUs, aggregating close to Rs 15,000 crores during the inaugural edition of Incredible India Tourism Investors Summit (IITIS) 2016. Gujarat exchanged MoUs close to Rs 9000 crores, Karnataka with Rs. 2600 crores, Rajasthan with Rs. 1000 crores, Uttarakhand with Rs. 500 crores and Chhattisgarh with Rs. 12 crores. Also, B. R. Shetty Group is keen to invest Rs. 450 crores and Costa Cruise Rs. 750 crores and Triveni Singapore close to Rs. 800 crores in the country. Vinod Zutshi, Secretary-Tourism, Government of India, informed that IITIS will be held annually to boost tourism and will be supported by World Bank. The next edition of IITIS will be organized in September 2017. “World Bank is supporting India’s Buddhist Circuit development and will provide support for sustainable tourism development including through funds,” said Cecile Fruman, Global Director, Trade and Competitiveness, World Bank. At the Summit, organized by Ministry of Tourism (MoT) in partnership with Confederation of Indian Industry (CII) and the Tourism Finance Corporation of India, Zutshi also announced various initiatives like setting up of a task force headed by Secretary-Tourism, with membership from relevant ministries, state governments, and industry associations to undertake strategic planning; setting up of an investor facilitation desk to handhold investors and facilitate projects and organising investor meets in states with the support of MoT.

The Incredible India Tourism Investors’ Summit (IITIS) scheduled for September 21-23, at Vigyan Bhawan, New Delhi, will witness participation from more than 27 Indian states, informs Vinod Zutshi, Secretary-Tourism, Govt. of India, at a press conference. He informed, “Till date, 140 investors from around 70 companies have confirmed their participation but we are hoping to see a turnout of about 250 investors. Around 600 investible projects will be showcased to the investors through presentations, B2B and B2G meetings.” Suman Billa, Joint Secretary-Tourism, said that the summit is expected to accumulate Rs 57,000 crore where they anticipate signing several MoUs over the two days. Dr. Mahesh Sharma, Minister of State (Independent Charge) for Tourism and Culture opined that IITIS will showcase the investment opportunities in tourism sector. “It’s main objective is to position the Indian Tourism sector for attracting large investments and presenting to the Investors tangible investment-ready projects in the different States/Union Territories of India. The summit will provide a global platform for interaction with investors, policy makers and Indian industry leaders, and other stakeholders.” A total of 21 seminars will be held across the two days, with various plenary sessions on topics like Why Invest in Incredible India?, Core Infrastructure for Tourism, Digital India & Start Up India: Investing in Tourism Technology, Success Stories of Investment in India and on MICE & Medical Tourism, to name a few. Prior to the event, officials from the Ministry of Tourism embarked on roadshows in the USA, UAE, Thailand, Hong Kong, Shanghai, Singapore, Gujarat, Mumbai, Bhopal to draw in investors to India.

Gujarat Tourism is offering 32 tourism projects to attract private investments at the forthcoming Incredible India Tourism Investor’s Summit (IITIS) to be held from September 21-23 in New Delhi. The total estimated value of the projects is around Rs 8,000 crore which include innovative projects with global appeal like Dev Ni Mori Buddhist tourist site development (Rs 1,200 crore), Sant Nagari, highlighting lives and contributions of India’s saints (Rs 600 crore), Giant Wheel at Sabarmati Riverfront (Rs900 crore) etc. S. J. Haider, Principal Secretary-Tourism, Government of Gujarat, says, “Gujarat will be a key partner state at IITIS. We will highlight around Rs 8,000 crore worth of projects in the summit. These will include major religious tourism projects like Dev Ni Mori, Sant Nagari and others. At the same time we will be putting forward modern tourism projects like the Giant Wheel at Sabarmati Riverfront, Global Village, Mini India at Adalaj in Ahmedabad, cruise tourism, aero sports etc.”Haider further informed that the state government aims to take up all these projects on Public Private Partnership (PPP) mode. (Source: Times of India)