Tag Archives: tourism sector

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.”

Suman Billa, Addl. Secretary, MOT, said, “There is a need for targeted strategies including decongesting popular tourist sites and developing new ones.” Currently, tourism sector contributes five per cent to India’s GDP, whereas Thailand and Turkey adds 23 per cent and 11 per cent, respectively. 

Patanjali Govind Keswani, CMD, Lemon Tree Hotels during his address at the first National Conclave on India 2047, said, “Tourism sector has the potential to resolve 50% of the country’s employment challenges with the right government support adding that India’s tourism sector is on the verge of hitting the inflection point.”

Opening the International Kayaking Facilitation Centre at Pulikkayam in Kodenchery, PA Mohamed Riyas, Public Works Department & Tourism Minister, Kerala, said it will be ideal to have off-road championships regularly within Kerala, and Kodenchery that will boost the tourism sector. ‘We will attract not just locals but participants from all over the globe,” he said.

A comprehensive Vision plan for 2024 has been released by FHRAI (Federation of Hotels & Restaurants Association of India) which includes the creation of the Center of Excellence in Tourism and Hospitality and the return of the FHRAI Annual Convention from 16-18 October in Goa. The move aims to elevate industry standards, and cultivate excellence.

Addressing a Rozgar Mela, Narendra Modi, Prime Minister, said that India’s tourism sector alone is anticipated to contribute ₹20 lakh crore to the economy by 2030 and has the potential to create 13-14 crore new job opportunities by 2030.

According to a report by Visa & EY, tourism sector is on track to become a trillion-dollar industry by 2047. The report also mentioned that data-driven tourism, emerging technologies to be major driving force behind this growth

Minister of Tourism, G. Kishan Reddy said in Lok Sabha that in order to attract foreign investment in the tourism sector, 100% FDI is allowed under the automatic route in the tourism and hospitality industry in India, subject to applicable regulations and laws.

‘Meghalaya Tourism Policy, 2023 in Shillong’ aims to develop tourism sector as a game changer for the state and effectively augment its meagre resources by exploiting the abundantly available natural bounty that can attract visitors from across the globe.  

V Vidyavathi, Secretary, Ministry of Tourism, held a review meeting with the senior officers of the MOT on 12th June to address and discuss the usage of PM Gati Shakti Mission for the overall development of the tourism sector in the country