Secretary Tourism visits Shanghai to attract Chinese investment



In a bid to attract Chinese investment in Indias Tourism sector, Vinod Zutshi, Secretary, Ministry of Tourism visited Shanghai recently. Close to 20 prominent investors participated in the event which was a part of roadshows being conducted in different parts of the world to promote participation of investors at the forthcoming Incredible India Tourism Investors summit scheduled to be held at New Delhi in September. The summit is being organised by the Ministry of Tourism, Government of India in partnership with Tourism Finance Corporation of India and the CII.

The Summit would bring together more than 20 states of India, unveiling a large number of projects, both of core infrastructures and those specific to various themes of tourism, the Secretary informed the Chinese investors. He also said that the Summit would see a large number of B2G meetings and states would offer a single window for foreign and domestic investors interested in picking up their Tourism sector projects. Zutshi also pointed out that never was there a more favourable time to invest in India than now with strong macroeconomic indicators and the governments commitment to investment facilitation.

The Consul General of India in Shanghai, Prakash Gupta, who also spoke on the occasion pointed out to the immense synergy that exists between the two large Asian Neighbors in the tourism sector and how Chinese traveller has become the highest spender in the World. He said that India must have a policy dedicated to attracting the Chinese tourist/investor.

Several members who were present from the Chinese side expressed their interest in attending the Summit and appreciated the preparation of the Indian Government in attracting Tourism specific foreign investment.