In an attempt to revive the tourism industry in India, the Federation of Indian Chambers of Commerce and Industry (FICCI) will organize the 6th National Tourism Investors Meet (NTIM) on September 23 and 24. The event will be conducted at Federation House 1, Tansen Marg, New Delhi, abiding by all Covid safety protocols.
Through this event, FICCI aims to catapult the nation’s tourism industry in the post-Covid era encourage investment in tourism infrastructure development, which is the need of the hour.
The sixth edition of the National Tourism Investors Meet will bring together different stakeholders from the Investment and business community along with the Ministry of Tourism, State Govts, and Financial Institutions. To elevate the Indian tourism industry to new heights, experts will explore the potential of investment in the country during the event.
Touted to be the biggest-ever edition of NTIM, the event is expected to attract both domestic and international investors. The inaugural ceremony of the two-day event will be blessed with the presence of Shri Narayan Prasad, Hon’ble Tourism Minister Of Bihar, Shri G. Kamalavardhana Rao, Director General, Ministry Of Tourism, Government of India, and Shri Suman Billa, Director, United Nations World Tourism Organization (UNTWO), Technical Cooperation & Silk Road Development.
The event will also witness presentations by state governments including Bihar, Gujarat, Rajasthan, Jharkhand, Chhattisgarh, Karnataka, Madhya Pradesh and Maharastra to name a few, showcasing various investible Tourism projects in their states.
Talking about the event, Dr. Jyotsna Suri, Chairperson of FICCI Travel, Tourism & Hospitality Committee, and CMD Lalit Suri Hospitality Group said, “The potential of the Indian tourism sector is unending. The Covid pandemic has now waned in India and several other countries, which is a positive sign that could revive the sector. NTIM will have participation from several state governments, and they will showcase various investment opportunities in the tourism industry. I strongly believe that this edition of NTIM will attract both domestic and international investors, and it will bring revolutionary changes in the sector for sure.”
FICCI strongly believes that the Indian tourism sector is not explored completely, and strategic planning will make the country a hot destination on the International tourism map. According to Nangia Anderson LLP, Knowledge Report, ‘Tourism Investment Potential in India’, the tourism sector contributed to 6.9 per cent of India’s GDP and 8 per cent of its total employment.
The knowledge report also noted that the tourism industry in India is expected to grow at an annual rate of 3.5 per cent. The report predicts that by 2029 India’s Tourism sector is expected to grow 6.7 per cent to reach Rs. 35 trillion (the US $ 488 Billion), accounting for 9.2 per cent of the total economy, with more than 30.5 million foreign visitors arrival.