Massive investment opportunities for start-ups and conglomerates in tourism industry: Reddy

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The roadshow had a wide representation from MoT as it attracted participation of prominent industry leaders

To raise awareness among stakeholders in the travel and tourism Industry about the upcoming 1st Global Tourism Investors’ Summit, the Ministry of Tourism, Government of India, organised a roadshow. It was chaired by G Kishan Reddy, Minister for Tourism, Culture and DoNER, along with Arvind Singh, Secretary, Ministry of Tourism and Rakesh Kumar Verma, Additional Secretary, Ministry of Tourism.

Addressing attendees at the roadshow, Reddy said, “Considering the plethora of experiences the Indian tourism industry offers, such as wellness tourism, adventure tourism, eco-tourism, rural tourism, spiritual tourism and several others, both the State and Central Governments recognise the role that tourism can play in driving economic growth. Therefore, private investment, particularly in hotels and other tourism-related infrastructure, is critical.”

The roadshow had a wide representation from the Ministry of Tourism as it attracted the participation of prominent industry leaders from the world of travel, tourism, and hospitality. Expressing his gratitude to all attendees, Reddy added that, inspired by the ambitious vision of the honourable Prime Minister, the government is working dedicatedly towards the sustained growth and promotion of tourism in India. Various initiatives are being undertaken to provide both domestic and inbound tourists with the most memorable experiences.

In addition to promoting the summit, the roadshow also provided an opportunity for the Ministry of Tourism to gather feedback from industry stakeholders and address any concerns or questions they had. The primary goal of the upcoming Global Tourism Investors’ Summit is to highlight India’s travel and tourism sector as an “Ideal Investment Destination” and give investors as well as the Central and State Governments a unified forum to explore investment opportunities. The participating states will have the opportunity to showcase strengths and unique offerings in terms of investible ready projects in the states to attract investments for tourism infrastructure. The summit is also expected to facilitate meaningful discussions and collaborations between the government and the private sector to promote the speedy growth and development of India’s tourism industry.

The 1st Global Tourism Investors’ Summit (GTIS) 2023 is being organised in partnership with Invest India as the Investment Promotion and Facilitation partner, and Confederation of Indian Industry (CII) as the industry partner, with an objective of providing a common platform for global and domestic players to interact and explore investment opportunities in the Indian travel and hospitality sector. The summit offers an opportune platform for investors from the G20 countries to explore the Indian tourism industry products among other areas of bilateral/  multilateral engagements.