Tag Archives: Investments

Suggesting that India has to create an enabling environment for the market forces to unleash with aggression in terms of investments in the sector to realise the sector’s true potential, Suman Billa, Additional Secretary, MOT, said, “Tourism currently contributes 5.6% to the country’s GDP which is quite low. The task is to double it in the next 10 years by encouraging market forces to invest aggressively in the sector.”

P A Mohammed Riyaz, Tourism Minister of Kerala, urges and says, “There is a huge potential for beach tourism in Kerala, and 580-km coastline will be utilised effectively. It will also investors has expressed their intent to investing in beach tourism and it would be under the public-private partnership model”.

Tamil Nadu announces its first tourism policy to grant industry status to the sector and attract ₹20,000 cr investment. It will benefit tourism projects and stakeholders, leading to increased employment opportunities and training, according to TamilNadu Travel Mart Society.   

K.B Kachru, Vice President, Hotel Association of India & Chairman Emeritus & Principal Advisor, South-Asia, Radisson Hotel Group said that, “Investments into tourism and hospitality sector will be some of the obvious and immediate gains for hospitality sector.