New Delhi, September 6, 2016: Dr. Mahesh Sharma, Minister of State (Independent Charge) for Tourism and Culture has said that Incredible India Tourism Investors’ Summit (IITIS) 2016 is a platform for the investors across the globe to explore investment opportunities available within the ambit of India’s tourism sector as well as core infrastructure. India being one of the fastest growing economies, the landscape of the tourism sector is sought to escalate India’s rich culture and heritage. He 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. Briefing Media persons on the forthcoming IITIS here today, Dr. Sharma said that 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, Catalyzing 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.
The Minister opined that IITIS will showcase the investment opportunities in tourism sector. It’s main objective is to position the Indian Tourism sector for attracting large investments and presenting to the Investors tangible investment-ready projects in the different States/Union Territories of India. The summit will provide a global platform for interaction with investors, policy makers and Indian industry leaders, and other stakeholders.
Shri Vinod Zutshi, Secretary, Ministry of Tourism in his address said that 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 India Tourism Sector today present 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.
In his address Shri Chandrajit Banerjee, Director General, CII said that the Government is making substantial efforts to develop quality tourism across the country. While state government have framed their tourism policies, the central government has allowed 100% FDI under the automatic route in tourism and hospitality and in tourism construction projects, including the development of hotels, resorts and recreational facilities. These policies offer attractive investment potential in India’s Tourism Sector.
Shri Suman Billa, JS, Ministry of Tourism presented a Power Point Presentation on IITIS on the occasion.
“Incredible India Tourism Investment Summit 2016” is being organized 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 Confederation of Indian Industry (CII). IITIS is a platform for domestic and international investors to meet project owners from across Indian states and the private sector.
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 have dedicated space for Seminars, Business to Business meetings and Roundtables around focus themes. There will be participation from major stakeholders including States/UTs with their ready investible projects, Banks & Financial Institutions, Business Developers, Cruise liners, Domestic Investors, Entertainment Companies, Global Investors, Helicopter Services, Hoteliers, Infrastructure-Developers, International Associations, Restaurateurs, Spa and Yoga Centers, Tour and Travel Operators, Urban Developers, Venture Capitalist, Civic Amenity Providers.
The Confederation of Indian Industry and Tourism Finance Corporation of India Ltd are principal partners of this summit. Four Knowledge Partners i.e. Ernst & Young, KPMG, Yes Bank and Invest India will assist States and UTs for identifying projects, Suggesting Tourism Policy updates and presenting these to the potential investors during the summit.
Highlights of the Incredible India Tourism Investors’ Summit (IITIS) are as follows:
1. Participation from more than 27 Indian states
2. Around 600 investable projects from across the country and from across various sectors of tourism
3. Participation from 140 investors from 70 companies
4. There will be 21 seminars across the two days with some leading industry leaders and covering states presentations and thematic sessions.
5. B2B-B2G meetings pre-fixed online
6. Event Road Shows done- USA, UAE, Thailand, Hong Kong, Shanghai, Singapore, Gujrat, Mumbai, Bhopal.
7. Active and updated website, www.incredibleindiatis.in for all information related to the Summit
