The Ministry of Tourism organised a roundtable interaction with heads of mission in New Delhi on Thursday as a run up to first Global Tourism Investor’s Summit. As an initiative under India’s G20 Presidency, the Tourism Ministry shall be organising the country’s first Global Tourism Investors’ Summit (GTIS) in New Delhi from May 17-19. 2023.
The Roundtable interaction with Heads of Missions was chaired by Union Tourism, Culture and DoNER Minister G Kishan Reddy. The Minister invited all the Missions to actively participate in the forthcoming Investors Summit and be a part of India`s growth and development in the tourism sector.
While addressing the Heads of the Missions at Vigyan Bhawan, Reddy remarked that guided by the vision of Prime Minister, tourism development and promotion is being undertaken in Mission Mode by the Government. A total of 42 Foreign Missions participated in the interaction.
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 & lodging, wellness tourism, adventure tourism, eco-tourism, rural tourism and others.
On the occasion, 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 crore (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.
KB Kachru, Member, CII National Committee on Tourism and Hospitality stated that GTIS is the right platform for all the tourism & hospitality industries operating outside India to come, witness the huge Indian market, and leverage the available investment opportunities.