Noting that the country has many unexplored tourist destinations to be showcased to the world, Finance Minister Arun Jaitley on Wednesday called for developing a business model to promote the hotel and hospitality industry which, he said, have to adjust to the capacity of the market.
He was speaking after inaugurating the three-day “Incredible India Tourism Investors Summit (IITIS)-2016” organised by the Union Ministry of Tourism in collaboration with the Confederation of Indian Industry and Tourism Finance Corporation of India.
Union Tourism Minister Mahesh Sharma said that the tourism sector has been identified as a priority area and the government’s prime focus is on cleanliness, connectivity and security. Chandrababu Naidu, Andhra Pradesh Chief Minister in his special address expressed his concern that many small countries attract more tourists whereas India could not do so.
He said that the tourism sector contribute very much in service sector while Indian Cuisines and Culture are unique in the world. He called upon investors to invest in tourism sector which has the potential to give returns in a big way.
Delivering the keynote address, Cabinet Secretary PK Sinha said that much needs to be done to improve the tourism sector in our country. He emphasised on the need for safety and security of tourists even as he said it is the right time for the entrepreneurs to invest in tourism sector.