MoT to organise first Global Tourism Investors’ Summit from 17 to 19 May
by EVENTFAQS Bureau Business Events | March 28, 2023 | News
Ministry of Tourism Global Tourism Investors’ Summit
As an initiative under India’s G20 Presidency, the Ministry of Tourism, Government of India will be organising the first Global Tourism Investors’ Summit (GTIS) in New Delhi from 17-19 May 2023.
The tourism sector has emerged as one of the fastest-growing economic sectors and has a significant impact on trade, job creation, investment, infrastructure development and social inclusion.
The objective of GTIS 2023, being organized in partnership with Invest India as the Investment Promotion and Facilitation partner and Confederation of Indian Industry (CII) as the Industry Partner, is to provide a common platform for interactions between global and domestic players and explore the investment opportunities in the Indian travel and hospitality sector.
Arvind Singh, Secretary, 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 Rs. 64,000 crore with the Ministry of Tourism. He stated 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, CII National Committee on Tourism and Hospitality stated that GTIS is the right platform for all the tourism & hospitality industries operating outside India to come, witness the huge Indian market, and leverage the available investment opportunities.
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The objective of GTIS 2023 is to provide a common platform for interactions between global and domestic players and explore the investment opportunities in the Indian travel and hospitality sector.