100 percent foreign fund in tourism infrastructure urged
April 12th, 2009 - 3:12 pm ICT by IANS ( Leave a comment )New Delhi, April 12 (IANS) With merely 18 months left for the 2010 Delhi Commonwealth Games, India needs to allow 100 percent foreign investment in tourism infrastructure projects to boost tourism, says an industry lobby.
According to the Federation of Indian Chambers of Commerce and Industry (FICCI), 100 percent foreign investment in developing tourism infrastructure in India will give a major boost to this sector.
Delhi alone needs 30,000 rooms to cope up for the 2010 Games.
FICCI said the need of the hour was to “invest in the tourism infrastructure, identify hotel sites to be given on long-term leasehold basis, and develop guidelines to ease land prices so that more hotel rooms are available in India, especially in the budget category”.
There is also a need to “refurbish the Indian tourism product and market India as a wholesome, safe and secure destination”, the industry group proposed in its 13-point agenda that it said could lure 10 million tourists in 2010.
FICCI’s tourism agenda focuses on tourist security, confidence-building measures, training of personnel, upgrading of infrastructure, rationalisation of taxes and easy availability of visa.
There is also a need to improve civic amenities through the public-private partnership model and speed up modernisation and upgrade of airport infrastructure, FICCI said.
- Focus on niche tourism, Pillai tells industry - Oct 08, 2010
- 'Develop tourism by public private partnerships' - Apr 26, 2011
- Affordable rooms, better infrastructure will boost tourism: FICCI - Apr 14, 2011
- Foreign tourist flow to touch 8 mn by 2015 - Mar 11, 2011
- Growth should be given priority in budget: CII - Jan 22, 2012
- FICCI to open office in Nepal - Dec 04, 2011
- Low tourist inflow during CWG disappoints hotel industry - Oct 20, 2010
- New strategies needed to help tourism growth: Sahay - Mar 14, 2011
- 35 new tourist circuits to be developed under 12th Plan - Dec 14, 2011
- Overcome hurdles to up investment in infrastructure: FICCI - Sep 11, 2011
- Infrastructure development key to energy security: FICCI - Dec 18, 2011
- Myanmar seeks more foreign investment in hotel sector - Aug 21, 2011
- Sahai's Rs.100 crore largesse for Jharkhand tourism - Dec 14, 2011
- India moots single window clearance for hotels - Apr 12, 2010
- Subodh Kant Sahai calls for more thrust on domestic tourism - Mar 14, 2011
Tags: airport infrastructure, budget category, chambers of commerce, chambers of commerce and industry, civic amenities, commonwealth games, confidence building, foreign investment, indian chambers of commerce, indian tourism, industry group, infrastructure projects, leasehold, market india, partnership model, point agenda, public private partnership, rationalisation, tourism infrastructure, tourism product