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Ministry of Tourism to organise first Global Tourism Investors’ Summit from May 17-19

Ministry of Tourism organised a roundtable interaction with heads of mission in New Delhi as a run-up to the first Global Tourism Investor’s Summit.

As an initiative under India’s G20 Presidency, the Ministry of Tourism, Government of India shall be organising the country’s first Global Tourism Investors’ Summit (GTIS) in Delhi from May 17-19.

The Roundtable Interaction with Heads of Missions was chaired by G. Kishan Reddy, Minister of Tourism, Culture and DONER.

While addressing the Heads of the Missions at Vigyan Bhawan, Reddy remarked that guided by the vision of Prime Minister Narendra Modi, tourism development and promotion is being undertaken in Mission Mode by the Government. He also stated that the current investment landscape of the country makes it an appropriate destination for investment in various sub-sectors of the Indian tourism industry such as Hospitality and Lodging, Wellness tourism, Adventure tourism, Eco-Tourism, Rural Tourism and others. The Minister thanked all the participating Missions for attending the Roundtable Interaction and invited them to actively participate in the forthcoming Investors Summit and be a part of India’s growth and development in the tourism sector.

Arvind Singh, Secretary, Ministry of Tourism mentioned that in order to showcase investible opportunities to investors, till now 25 states have shared 350 plus investable projects with a total investment potential of around INR 64,000 Cr. (USD 7.7 billion) with the Ministry of Tourism. He stated that GTIS will also have several knowledge sessions focused on topics such as sustainability, digitalisation, technology, insights, state-specific issues, and other sub-sectors of tourism. These sessions will facilitate business-to-business (B2B) and business-to-government (B2G) engagements.

K B Kachru, Member, CII National Committee on Tourism and Hospitality stated that GTIS is the right platform for all the tourism and hospitality industries operating outside India to come, witness the huge Indian market, and leverage the available investment opportunities.

A total of 42 Foreign Missions participated in the Interaction. The G-20 Presidency will give India’s tourism sector an unparalleled opportunity to highlight India’s tourism offerings and share India’s tourism success stories on a global stage. India’s tourism market is set for a growth trajectory due to improved infrastructure, global connectivity, higher disposable incomes and the development of niche tourism products opening opportunities for foreign investors. (Source: The Print)

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