Make India A Year-Round Destination To Attract Investments: Rashmi Verma

LAST YEAR’S Incredible India Tourism Investor’s Summit highlighted various state’s new tourism policies and infrastructural needs of the tourism sector.

- Saloni Bhatia

However, no evident projects have come up despite relaxation in reforms and policies. Speaking at the recent FICCI Tourism Investor’s Summit, Rashmi Verma, secretary, ministry of tourism, stated, “Investment is the need of the hour as tourism is the largest emerging sector globally. We have not been able to provide basic amenities and world class infrastructure is missing from the states. But the introduction of new policies for development of coastal areas and better air connectivity opens many doors of opportunities.”

She suggested there’s a need to make India a year round destination in order to attract investments. “Hotels fear investing in new places as they suffer from a lean period during off seasons. Therefore if we focus on creating India as a year-round destination, investors will have numerous reasons to make necessary developments. The ministry has also moved a cabinet note recommending reduction of infrastructure threshold to INR 50 crore,” Verma added.