Investment Opportunities in Tourism & Hospitality
8th largest tourism economy in the .
Ninth largest in cultural resources and business travel in the world.
20 mn jobs created by tourism in last five years (between Mar 2014- Mar 2020)
Tourism is an integral pillar of the Make in India programme. Tourism plays a role of significant economic multiplier and becomes critical since India has to grow at rapid rates and create jobs.
India offers geographical diversity, world heritage sites and niche tourism products like cruises, adventure, medical, eco-tourism, etc. Incredible India has spurred growth in Tourists Arrivals and Employment.
India’s ranking in the Travel and Tourism Competitive Index (TTCI) of World Economic Forum moved from 52nd position in 2015 to 40th position in 2017. Now India has moved up by another 6 positions and ranked at 34th position in 2019.
Tourism tends to encourage the development of multiple-use infrastructure including hotels, resorts & restaurants, transport infrastructure (aviation, roads, shipping & railways) and healthcare facilities.
By 2028, Tourism & Hospitality is forecasted to earn $50.9 bn as visitor exports compared to $28.9 bn earned in 2018
By 2029, Travel & Tourism will account for nearly 53 million jobs as compared to the 43 million jobs directly in 2018 (8.1% of total employment)
By 2030, India is expected to be among the top five business travel market
100% FDI allowed under automatic route
100% FDI allowed in tourism construction projects, including the development of hotels, resorts, and recreational facilities
Aug 25, 2020
Guwahati in Assam has got its first ropeway over river Brahmaputra. It is India’s longest ropeway and expected to become a major tourist spot in the state. The Passenger Ropeway Project connects North Guwahati to Guwahati City traversing over the 1.8 km stretch.
Aug 05, 2020
Thenzawl Golf Resort project inaugurated in Mizoram. The project was sanctioned with an amount of INR 92.25 crore out of which INR 64.48 crore was sanctioned for various components at Thenzawl including the Golf Course.
Aug 05, 2020
The city of Ayodhya is one of the most important religious places in the country, Indian Railways will provide direct connectivity from Lucknow, Varanasi as well as other religious places in the nearby areas. In the coming years, the Ayodhya Circuit is likely to be the country’s biggest tourist hub.
Destinations circuits, resorts, hotels, etc.
Rural, Adventure, Medical, Pilgrimage, Film, Sustainable Tourism
Meeting Incentives Conferences & Exhibitions (MICE)
Packaged tour operators, cab services and recreational facilities etc.
HOW SM MANAGEMENT SERVICES WILL BE HELPFUL FOR YOU:
- Research Content Provided
- Policy Advisory/ Representation
- Stakeholder Meeting
- Site Visits
- Location Analysis
- Regulatory Clearance Facilitation
- Issue Resolution
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