​​​
  1. Domestic tourism expected to attract Rs 50,000 crore investment

Domestic tourism expected to attract Rs 50,000 crore investment

The domestic tourism sector is expected to attract investments to the tune of Rs 50,000 crore from around 600 projects during a three-day investors' summit later this month, Union minister Mahesh Sharma said today.

By: | New Delhi | Published: September 5, 2016 9:03 PM
Claiming that India's image as a tourist destination has improved considerably, he said the country has witnessed upto 40 percent growth in tourist footfall from countries which have been visited by Prime Minister Narendra Modi during his last two years in office. (Reuters) Claiming that India’s image as a tourist destination has improved considerably, he said the country has witnessed upto 40 percent growth in tourist footfall from countries which have been visited by Prime Minister Narendra Modi during his last two years in office. (Reuters)

The domestic tourism sector is expected to attract investments to the tune of Rs 50,000 crore from around 600 projects during a three-day investors’ summit later this month, Union minister Mahesh Sharma said today.

Claiming that India’s image as a tourist destination has improved considerably, he said the country has witnessed upto 40 percent growth in tourist footfall from countries which have been visited by Prime Minister Narendra Modi during his last two years in office.

144 investors from 70 companies have already confirmed their participation in the first-of-its-kind mega tourism summit — Incredible India Tourism Investors Summit — to be inaugurated by Finance Minister Arun Jaitley on September 21.

“Around 600 projects would be showcased during the summit. We expect to attract Rs 50,000 crore investment, 144 investors have already confirmed their participation in the event,” Sharma said.

On whether Modi could be made the ambassador of the Incredible India campaign, he said, “We have provided you the data. India has witnessed a growth of five to 40 percent in footfall of tourists from the nations where Modi has visited in the last two years, except Russia which has seen fall in overall tourists flow.

“The image of the country has improved considerably among the foreign tourists. The Prime Minister is the symbol of Indian identity,” Sharma said.

He said India has “everything that a country should have to attract tourists” but admitted that a “lot needs to be done” for building world-class tourism infrastructure in the country.

Asserting that security of tourists is of “prime concern”, the minister said India will be the first country to launch a round-the-clock helpline number in 12 languages.

An investment desk is also being established in the ministry to help and guide investors. Better connectivity through new and improved roads, new airports and railway stations would help the tourism sector, Sharma said.

To a question on tourism facility in the northeastern states, he said helicopter services would be started in areas which are difficult to access by roads.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top