In a bid to attract Chinese investment in India’s Tourism sector, Vinod Zutshi, Secretary, Ministry of Tourism visited Shanghai recently. Close to 20 prominent Investors participated in the event which was a part of Road shows being conducted in different parts of the world to promote participation of Investors’ at the forthcoming Incredible India Tourism Investors summit scheduled to be held at New Delhi from 21-23rd September 2016 being organized by the Ministry of Tourism , Government of India in partnership with Tourism Finance Corporation of India and the CII.
The Summit will bring together more than 20 States of India unveiling a large bouquet of projects close to around 1000 in number, both of Core infrastructure and those specific to various themes of Tourism be it hospitality , medical, mice, Buddhist. Entertainment and Cruise Tourism etc , the Secretary informed the Chinese Investors. He also said that what makes this Summit unique is that it would see a large no of B2G meetings and States would offer Single window for foreign and domestic investors interested in picking up their Tourism sector projects in the true spirit of Ease of Doing business. Shri Zutshi also pointed out that never was there a more favorable time to invest in India than now with strong macro-economic indicators and the Current Government’s commitment to investment facilitation like never before.
The Consul General of India in Shanghai, Prakash Gupta who also spoke at the occasion pointed out to the immense synergy that exists between the two large Asian Neighbors in Tourism sector and how Chinese Traveler today has become the highest spender in the World. He said that India must have a policy dedicated to attracting the Chinese tourist/ investor.
Several members who were present from the Chinese side expressed their interest in attending the Summit in Nw Delhi next month and appreciated the preparation of the Indian Government in attracting Tourism specific foreign investment.