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'Incredible India - Opportunities in the Tourism and Hospitality Sectors'

Dec 14, 2016

Consul General: "The Tourism & Hospitality Sectors in India offers tremendous potential and these have largely remained unexplored and untapped".

Incredible India Seminar

The Consulate General of India, Chicago organized a seminar on “Incredible India - Opportunities in the Tourism and Hospitality Sectors” in partnership with the Chicagoland Chamber of Commerce organized at the Consulate premises on December 14, 2016.

The event was attended by about 90 business persons, hoteliers, entrepreneurs, member of various chambers of commerce of US Midwest, officials of IIT School of Business, Managers of different airlines, travel agents and media persons. The event was addressed by Dr. Ausaf Sayeed, Consul General of India, Mr. Bharat Patel, Chairman & CEO, Sun Companies, Mr. Guljit Singh, Chairman, SKP International and Mr. Nakul Chand, Manager Midwest, Air India.

In his key note address the Consul General mentioned about India's growth story, the Flagship Schemes of GOI such as 'Make in India', 'Start-up India', 'Digital India', 'Skills Development' etc. and the emphasis being given to improving the physical infrastructure in the country through setting up of Industrial Corridors, 100 Smart Cities in Tier-2 and Tier-3 cities and the push for Greener and Sustainable solutions for development.

He said that one of the sectors of economy that offers tremendous potential in India is the 'Tourism & Hospitality Sector', which has largely remained unexplored and untapped. India as a land of considerable beauty and diversity across its length and breadth offers many exotic and unexplored tourist destinations. He mentioned that Tourism is a priority sector for GOI, which has allowed 100% FDI under automatic route in tourism and hospitality sectors.
He added that GOI has adopted tourist-friendly policies and cited as an example the recent introduction of 24x7 Toll Free Multi-Lingual Tourist Help Line to facilitate visits of foreign tourist visiting India. This service is available on toll free number 1800111363 or on a short code 1363. The Consul General also invited the interested investors to participate in the second Incredible India Tourism Investors' Summit (IITIS), scheduled for September 2017.

Mr. Guljit Singh, Chairman, SKP International highlighted the opportunities available in the hotel and tourism industry in India. He said there is a huge market available in India in the hospitality sector as in the recently held Incredible India Tourism Summit 86 MoUs worth US$ 2.04 billion were signed while Ministry of Tourism approved projects worth US$ over 67 Million during 2016 itself. He also spoke about the taxation and legal aspects of doing business in these sectors.

Mr. Bharat Patel said that there is a huge potential for developing hotel industry in India and the recent demonetization of 500 and 1000 rupees notes done by the Government of India would go a long way in removing corruption from the system which in turn would boost the confidence of the investors. He said that it is the opportune time to invest in the hotel and tourism industry in India. 

Mr. Nakul Chand informed that Air India now provides non-stop flights from Chicago, New York, Newark and San Francisco to Delhi and Mumbai. He also mentioned about various services and facilities being provided by Air India to its customers.

A short video on the different facets of tourism in India was also shown during the event.

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