Travel and tourism investment to rise by 6.7% per annum over the next 10 years

Travel and tourism investment is expected to rise by 6.7 per cent per annum over the next 10 years to Rs 5,546.3 billion in 2028, according to FICCI-Yes Bank Knowledge Paper titled ‘Tourism Infrastructure Investments- Leveraging Partnerships for Exponential Growth’Usha Padhee, Joint Secretary, Ministry of Civil Aviation, said that the tourism and civil aviation ministries are engaging continuously to identify solutions and implement them for the growth of both the sectors.
“The way forward is a focused approach for evolving tourist places under the aviation connectivity scheme and expanding existing routes under UDAN scheme including helicopter routes in hilly and north-eastern regions. This will provide good infrastructural support to the tourism sector,” said Padhee.
She also added that the Ministry of Civil Aviation is working to remove bottlenecks in remote and regional areas by providing proper navigation means, technology, better security and safety. Dr Jyotsna Suri, Past President, FICCI & Chair, FICCI Tourism Committee and CMD, Lalit Suri Hospitality Group, in her address said that increasing connectivity will boost tourism, adding that ‘one flight per day to Khajuraho will build the demand eventually’. Dipak Deva, Co-Chair, FICCI Tourism Committee and MD, SITA, TCI & Distant Frontiers also presented his views on the growth of tourism in the country at the 4th Tourism Investors Meet held in Delhi.

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