With growing influx of tourists, the Tourism sector offers great opportunity for foreign direct investment. Inaugurating a Travel and Tourism Event in New Delhi today, the Tourism Minister Subodh Kant Sahai said at present there is a shortage of almost two lakh hotel rooms in the country and it will increase manifold in the years to come. He said that infrastructure in this sector requires huge investment and he called for Public Private Partnership apart from foreign investment. The Minister said that India needs one trillion dollars of investment in infrastructure in the next fiscal and fifty percent of it has to come from private sector investment. He added that India attracts less than 0.5 percent of tourists from world over and efforts should be made to make it world's leading tourist destination.
News On AIR | January 28, 2011 12:44 PM
Tourism sector offers great opportunity for FDI