The Monaco Government, which expects a growth of 25 per cent in tourists from India this year, plans to spend 30 per cent of its budget for BRIC countries.
"India is increasingly becoming a niche strategic market for us and we are witnessing a good growth in the number of tourists visiting Monaco from India," Ambassador of Monaco to India H E Patrick Medecin told reporters here.
Monaco will spend 30 per cent of its budget for BRIC countries comprising India, Brazil, Russia and China to promote the country as one of the most serene destinations in Europe with various activities and luxuries that tourists can enjoy, he said.
"It has been encouraging to see a steady growth of Indians visiting Monaco and we expect the arrivals grow by 25 percent in 2012," Medecin said, adding around 1,500 Indian tourists travelled to Monaco in 2011.
As the world's second smallest country, Monaco is mainly focusing on leisure as well as MICE (meetings, incentives, conferences and exhibitions) tourism from India and is anticipating more growth in the numbers in the coming years, he added.