On September 23 and 24, NTIM 2021 will provide a platform for investors and the Ministry of Tourism and state governments to collaborate on much-needed strategic planning for India’s tourism sector. The unveiling of a Knowledge Report at the event and discussions thereafter will offer deeper insights into industry trends.
In an attempt to revive the tourism industry in India, the Federation of Indian Chambers of Commerce and Industry (FICCI) is organising the sixth National Tourism Investors Meet (NTIM) on September 23 and 24. The event will be conducted at Federation House 1, Tansen Marg, New Delhi, abiding by all Covid safety protocols.
Through this event, FICCI aims to catapult the nation’s tourism industry in the post-Covid era encourage investment in tourism infrastructure development, which is the need of the hour. The sixth edition of the NTIM brings together different stakeholders from the investment and business community along with the Ministry of Tourism, State governments, and financial institutions. To elevate the Indian tourism industry to new heights, experts will explore the potential of investment in the country during the event.
Touted to be the biggest-ever edition of NTIM, the event is expected to attract both domestic and international investors. The inaugural ceremony of the two-day event will be blessed with the presence of Narayan Prasad, Hon’ble Tourism Minister of Bihar, G Kamalavardhana Rao, Director General, Ministry of Tourism, Government of India, and Suman Billa, Director, United Nations World Tourism Organisation (UNTWO), Technical Cooperation & Silk Road Development.
Speaking about the event, Dr Jyotsna Suri, Chairperson FICCI Travel, Tourism & Hospitality Committee, and CMD Lalit Suri Hospitality Group, says, “The potential of the Indian tourism sector is unending. The Covid pandemic has now waned in India and several other countries, which is a positive sign that could revive the sector. NTIM will have participation from several state governments, and they will showcase various investment opportunities in the tourism industry. I strongly believe that this edition of NTIM will attract both domestic and international investors, and it will bring revolutionary changes in the sector for sure.”
FICCI strongly believes that the Indian tourism sector is not explored completely, and strategic planning will make the country a hot destination on the international tourism map. According to Nangia Anderson LLP, Knowledge Report, ‘Tourism Investment Potential in India’, the tourism sector contributed to 6.9 per cent of India’s GDP and eight percent of its total employment.
The knowledge report also notes that the tourism industry in India is expected to grow at an annual rate of 3.5 per cent. The report predicts that by 2029, India’s tourism sector is expected to grow 6.7 per cent, to reach Rs 35 trillion (US $ 488 billion), accounting for 9.2 per cent of the total economy, with the arrival of more than 30.5 million foreign visitors.
What you can expect
NTIM 2021 will attract a large number of investors looking to invest in sectors like hotels & resorts, real estate & mega convention centres, airports & roadways, sound & light shows, Ayush & wellness centres, transport services backed by tech, cruise & river tourism, adventure tourism, amusement & entertainment, film tourism & film cities, MICE tourism, sanitation & civic amenities, ropeways, heritage monument adoption, the iconic sites scheme and special tourism zones of the Ministry of Tourism, viability funding scheme by the Govt of India, public-private collaborations in core infrastructure like railways & roadways, tourism Infrastructure, etc.
The event flow on Day 1 will have Rohit Kapoor, CEO, India & South Asia, OYO Hotels & Homes, setting the tone and moderating the session at five pm in the Hari Shankar Singhania Commission Room. A welcome address by Dr Jyotsna Suri, Past President, FICCI & Chairperson, FICCI Travel, Tourism and Hospitality Committee & CMD, the Lalit Suri Hospitality Group, will be followed by the official release of the FICCI-Nangia Andersen LLP Knowledge Paper – ‘Tourism Investment Potential in India’.
After that, you can also expect valuable insights from Usha Padhee, Joint Secretary, Ministry Of Civil Aviation, Government of India, a virtual speech by Suman Billa, Director, United Nations World Tourism Organisation (UNTWO), Technical Cooperation & Silk Road Development, special address by G Kamalavardhana Rao, Director General, Ministry Of Tourism, Government of India, and a theme state address by Narayan Prasad, Hon’ble Tourism Minister Of Bihar. A vote of thanks will be presented by Dilip Chenoy, Secretary General, FICCI.
Day 2 will see the state presentations session, with an opening address by Session Chair Rakesh Kumar Verma, Joint Secretary, Ministry of Tourism, Government of India, followed by a presentation by Nangia Andersen LLP on ‘Tourism Investment Potential in India’. Presentations by Bihar Tourism, Gujarat Tourism, Rajasthan Tourism, Karnataka Tourism, Maharashtra Tourism, Chhattisgarh Tourism, Jharkhand Tourism, and Madhya Pradesh Tourism will offer insights into state-specific initiatives and opportunities. The session will be moderated by Rajan Sehgal, Co-Founder, PASSIONALS, President – Indian Golf Tourism Association & Member – MANAS under the aegis of Ministry of Minority Affairs, Government of India. Investors will have access to a B2G Desk, where investment promotion meetings can be slotted with various state governments for the rest of the evening.
To attend, register for the event at Tourism Investors Meet 2021.