The ‘Incredible India Tourism Investors’ Summit (IITIS)- 2016’ is organized by the Ministry of Tourism in partnership with Confederation of Indian Industry and the Tourism Finance Corporation of India from 21st to 23rd September, 2016 to promote investments in Tourism sector in India. States like Gujarat, Rajasthan, Karnataka, Uttarakhand,and Chattisgarh exchanged 86 MoUs during the
session and many more are in the pipeline, aggregating close to Rs 15,000 crores. IITIS-2016 had met the desired objectives and highlighted tourism investment potential in the country.
Gujarat exchanged MoUs close to 9000 crores, Karnataka with 2600 crores, Rajasthan with 1000 crores ,Uttarakhand with 500 crores and Chhattisgarh with 12 crores.
Also, B. R. Shetty Group is keen to invest 450 crores and Costa Cruise 750 crores and Triveni Singapore close to 800 crores in the country.
Following announcements were made:
Institutionalisation of IITIS to be held annually with the next Summit to be organized in September 2017;
Setting up of a task force headed by Secretary, Tourism, with membership from relevant ministries, state governments, and industry associations to undertake strategic planning;
Setting up of an investor facilitation desk to handhold investors and facilitate projects; and,
Organising investor meets in States with the support of Ministry of Tourism.
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