Incredible India Tourism Investment Summit (IITIS) 2016, a platform for global investors to explore investment opportunities in India’s tourism sector, will begin on September 21. The objective behind the three-day summit is to position the Indian tourism sector for attracting large investments and presenting to the investors tangible investment-ready projects in the different states and union territories. The summit will provide a platform for interaction with investors, policy makers, Indian industry leaders and other stakeholders. Mahesh Sharma, minister of state, tourism and culture, opined that the tourism sector of India has brought about a new paradigm of growth and development in creating employment, generating income and fostering entrepreneurship.
Dr Sharma said, “The objectives of IITIS are to showcase a bouquet of investment ready projects from all the Indian states and private project owners, present opportunities for global investors to understand the investment ecosystem for garnering investments, catalysing partnership in the form of B2B linkages and identifying opportunities for local players to move up the value chain through technical collaboration and global partnership.”
Vinod Zutshi, secretary, Ministry of Tourism, commented, “The tourism landscape in India is undergoing significant transformation, heralding a new paradigm of growth and development in creating employment, generating and ushering entrepreneurship. The Indian tourism sector today presents a plethora of investment opportunities in areas of infrastructure development, both from India and overseas. With the streamlining of infrastructure in the core and tourism related sectors through investments and partnerships between the public and private sectors, Incredible India can be catapulted amongst the most sought after destinations in the world.”
Chandrajit Banerjee, director general, Confederation of Indian Industry (CII) said that the government is making substantial efforts to develop quality tourism across the country. While state governments have framed their tourism policies, the central government has allowed 100 per cent FDI under the automatic route in tourism and hospitality and in tourism construction projects, including the development of hotels, resorts and recreational facilities.
IITIS 2016 is being organised by the Ministry of Tourism in New Delhi’s Vigyan Bhawan from September 21 to 23, 2016. It is an initiative of the Ministry of Tourism, Government of India, in association with Tourism Finance Corporation of India (TFCI) and CII.
Highlights of this summit will be state presentations encompassing all investible properties, session on “Why Invest in India”, MSME in tourism sector, panel discussions on core infrastructure for tourism, session on start-ups, digital India, investing into Swadesh Darshan, PRASAD, MICE and niche tourism products, B2B meetings and signing of MoUs.
The summit will see participation from stakeholders including states/UTs, banks and financial institutions, business developers, cruise companies, domestic investors, entertainment companies, global investors, helicopter services, hoteliers, infrastructure developers, international associations, restaurateurs, spa and Yoga centres, tour and operators, urban developers, venture capitalists, civic amenity providers, amongst others.
The summit will feature around 600 projects from across the country, participation of 140 investors from 70 companies, and 21 seminars.
