Tag Archives: associations

The Iran Tourism Board announced the successful conclusion of its dynamic three-city roadshow in India, aimed at promoting the rich cultural heritage and diverse travel experiences of the Islamic Republic of Iran. The roadshow began in Mumbai on 10th September, continued in Hyderabad on 12th September, and concluded on 13th September in New Delhi. The roadshow featured distinguished dignitaries from Iran, including Aliasghar Shalbafian Hosseinabadi, Deputy of Tourism, Iran Cultural Heritage, Handicrafts and Tourism Ministry; Moslem Shojaee, Director General, International Tourism Promotion; H.E. Mofidifar, Acting Consul General, Islamic Republic of Iran; and H.E. Rahul Narwekar, Speaker, Maharashtra Legislative Assembly, Mumbai. Strengthening Tourism Ties Between India and Iran The primary aim of this roadshow was to foster stronger tourism ties between India and Iran. By engaging directly with Indian travel agents and tourism professionals, the Iran Tourism Board sought to build robust business relationships and promote Iran as a premier travel destination. The initiative featured 11 Iranian hoteliers and travel agents who explored business opportunities and presented a variety of tourism packages to their Indian counterparts. Collaborations with key organisations such as MTOA, TAAI, TAFI, and IATO were also part of the strategy to enhance Iran’s visibility among their members. Aliasghar Shalbafian Hosseinabadi remarked, “We are thrilled to present the beauty and historical richness of Iran to the Indian market. This roadshow has provided a unique platform to share Iran’s cultural tapestry, including our historic landmarks and renowned hospitality. We look forward to deepening our partnerships with Indian travel agents and encouraging more Indian travellers to explore the wonders of Iran.” H.E. Mofidifar, Acting Consul General, Islamic Republic of Iran to Mumbai, delivered an inspiring keynote address. He passionately spoke about …

In a significant development for the Indian and Iranian tourism sectors, the Iranian Tour Operators Association (ITOA) and the Outbound Tour Operators Association of India (OTOAI) signed a Memorandum of Understanding (MoU) on 11 September, 2024, at the ITB India 2024 in Mumbai. The MoU, signed by Mostafa Shafie Shakib, Chairman, ITOA, and Riaz Munshi, President, OTOAI, aims to strengthen tourism ties between the two nations. The signing ceremony was witnessed by distinguished members of both associations, including Shravan Bhalla, Vice President, OTOAI, and Monia Kapoor, Joint Secretary, OTOAI. The presence of Mostafa Shafie Shakib as the primary signatory from the Iranian delegation highlighted the significance of this initiative. Other esteemed members of the Iranian delegation were also in attendance, further reinforcing the importance of the agreement. This collaboration marks a significant milestone in fostering tourism growth, exploring new opportunities, and creating sustainable partnerships between India and Iran. The MoU underscores the shared commitment of both countries to promoting cultural exchange and unlocking new tourism potential.    

The Reserve Bank of India (RBI) has announced that banks are permitted to allow a three-month moratorium on payment of instalments of all term loans outstanding on March 1, 2020. This decision applies to all regional, rural and co-operative banks as well as NBFCs, including housing finance companies. The moratorium will not result in asset classification downgrade and will have no adverse impact on credit history of beneficiaries. Travel trade bodies and associations have been demanding a moratorium on EMIs and bank payments for a period of one year along with a complete tax holiday.