Steena Joy – Kochi
The hospitality and tourism sector in India can expect a bank set up exclusively for the sector very soon. Speaking at the FHRAI convention in Kochi, B M Gupta, chief financial officer, Tourism Finance Corporation India (TFCI) revealed, “We have submitted a proposal for a bank for the tourism sector to the RBI so that the sector can get funds at cheap rates for funding projects. We realised that the sector as well as allied industries related to tourism can benefit from an exclusive bank. We are hopeful that the proposal will be accepted and the bank will be in place by 2016.”
