Under the aegis of India’s G20 presidency, the Union Ministry of Tourism will organise the country’s first three-day Global Tourism Investors’ Summit (GTIS) in Delhi between May 17-19, 2023.
Making the announcement at a round table interaction with heads of missions, Minister of Tourism, Culture and Development of North Eastern Region G. Kishan Reddy, stated that the current investment landscape of the country makes it an appropriate destination for investment in various sub-sectors of the Indian tourism industry such as hospitality and lodging, wellness tourism, adventure tourism, eco-tourism and rural tourism.
Arvind Singh, Secretary, of the Ministry of Tourism, mentioned that in order to showcase investible opportunities to investors, till now 25 states have shared 350 plus investable projects with a total investment potential of around US$ 7.7 billion with the Ministry of Tourism. He revealed that GTIS will also have several knowledge sessions focused on topics such as sustainability, digitalization, technology, insights, state-specific issues, and other sub-sectors of tourism. These sessions will facilitate business-to- business (B2B) and business-to-government (B2G) engagements.
K B Kachru, member of the Confederation of Indian Industry (CII) National Committee on Tourism and Hospitality, stated that GTIS is the right platform for all the tourism and hospitality industries operating outside India to come, witness the huge Indian market and leverage the available investment opportunities.
A total of 42 foreign missions participated in the interaction. The G-20 Presidency will give India’s tourism sector an opportunity to highlight India’s tourism offerings and share India’s tourism success stories on a global stage, a news release noted.
