【印度品牌价值基金会(IBEF)】英文2024年印度旅游与酒店业报告

TOURISM&HOSPITALITY

November2024

Forupdatedinformation,pleasevisit

TableofContents

ExecutiveSummary3

AdvantageIndia4

MarketOverview6

RecentTrendsandStrategies15

GrowthDrivers21

Opportunities34

KeyIndustryContacts38

Appendix40

2

Executivesummary

1.ContributiontoGDPaboveworldaverage

•In2023,thetravel&tourismindustry’scontributiontotheGDPisestimatedoverUS$199.3billion;thisisexpectedtoreachUS$512billionby2028.

•InIndia,theindustry’sdirectcontributiontotheGDPisexpectedtorecordanannualgrowthrateof7-9%between2019and2030.

1

6

•RevenuefromreligioustourismdestinationsalmostdoubledtoRs.1,34,543crore(US$16.2billion)in2022fromRs.65,070crore(US$7.8billion)in2021,aspertheMinistryofTourism.

2

2.Creatingemployment

•InFY23,thetourismsectorinIndia

accountsfor35millionjobs,agrowthof8.3%overthelastyear(2022).

4

3

•TheHotels'AssociationofIndia(HAI)statedthatthehospitalityandtourismsectoranticipatesgenerating50

milliondirectandindirectemploymentopportunitiesinthenext5-7years.

3.Lighthouse&CruseTourism

•Governmenthasidentified78lighthousesascentresoftourismandfiveportsascruisetourismhubstoboostlighthouseandcruisetourisminIndia.

6.Newvisareforms

•VisareformsincludeasignificantlyexpandedGoldenVisascheme,afive-yearGreenresidencyandnewentrypermits,includingoneforjobseekers.Thenewsystemalsooffersadditionalbenefitstosponsorfamilymembers

5.Newpolicyrolloutplan

•Toeasetravelforinternationaltourists,theGovernmentofIndiahaslaunchedaschemewhereinfivelakhtouristswillgetfreevisas.

5

4.Higherinvestment

•TheEmergencyCreditLineGuaranteeScheme(ECLGS)coveredthroughaliberaldefinitionofMSME(microsmallandmediumenterprises)hasbeenexpandedtoincludetourismandhospitalitystakeholders.Infrastructurestatushasbeengrantedtoexhibition-cum-conventioncentres.

•AseparateliquiditywindowofRs.15,000crore(US$1.81billion)hasbeenreleasedforthesector.

•TheRs.85,000crore(US$10.2billion)investmentinAyodhya,includingtheestablishmentofanewairport,therefurbishmentoftherailwaystation,thecreationofatownship,andenhancedroadconnectivity,ispoisedtoturnthecityintoavibrantcenterforspiritualtourismandserveasarolemodelforpromotingspiritualtourism.

3

AdvantageIndia

4

AdvantageIndia

1.Diverseattractions

►Indiaisgeographicallydiverseandoffersavarietyofculturesthatcomewithitsownexperiences,makingitoneoftheleadingcountriesintermsofinternationaltourismexpenditure.

►AccordingtoWTTC,thecontributionofIndia'stravelandtourismsectortoIndia'seconomywasworthRs.15.7lakhcrore(US$189billion)in2022.

14

ADVANTAGEINDIA

►AccordingtoWTTC,overthenextdecade,India’sTravel&Tourism’sGDPisexpectedtogrowatanaverageof7.1%annually.

►PilgrimagetravelinIndiaisgainingpopularitydomesticallyandamongthelargeIndiandiasporaworldwide.

2.Robustdemand

23

►India'stourismandhospitalitysectorisexpectedtoyieldrevenueexceedingUS$59billionby2028.Moreover,ForeignTouristArrivals(FTAs)areforecastedtohit30.5millionbythesameyear.

►ThetravelmarketinIndiaisprojectedtoreachUS$125billionbyFY27fromanestimatedUS$75billioninFY20.

►Internationaltouristarrivalsareexpectedtoreach30.5millionby2028.

4.Policysupport

►Inthe2024InterimBudget,Rs.2,449.62crore(US$294.8million)wereallocatedtothetourismsector,a44.7%increasefromthepreviousfiscalyear.Thismarksapositivechangefromthe2023UnionBudget'sinitialallocationofRs.2,400crore(US$288.8million),laterrevisedtoRs.1,692.10crore(US$203.6million).

►TheMinistryofTourismhasapproved46projectsunderitsPRASHADScheme,includingthreeinAndhraPradesh.Additionally,29siteshavebeenidentifiedfordevelopmentunderthisscheme,withtwolocatedinAndhraPradesh.

3.Attractiveopportunities

►Indiaoffersgeographicaldiversity,worldheritagesitesandnichetourismproductslikecruises,adventure,medical,eco-tourism,etc.IncredibleIndiahasspurredgrowthintouristarrivalsandemployment.

►In2024,PrimeMinisterMr.NarendraModiinaugurates52tourismsectorprojectsvaluedatoverRs.1400crore(US$168.5million)undertheSwadeshDarshanandPRASHADScheme.

►ThegovernmenthastakenstepstoboostinvestmentsinfacilitatespiritualtourismwithstateslikeUttarPradeshdevelopingtouristcircuitsandUttarakhandandWestBengalenhancinginfrastructureforpilgrims.

Source:DPIIT,ICE360Survey2016,BlueStarInvestorPresentationAugust2018,*BARCIndiaUniverseUpdateJuly2018,BombayStockExchange

5

MarketOverview

6

EvolutionoftheIndiantourismandhospitalitysector

Pre-1990

TheNationalTourismPolicywasannouncedin1982

TheGovernmentformulatedacomprehensiveplanin1988topromotetourism.

1990-2000

VariousstatesinIndiadeclaredtourismasanindustry

TheGovernmentstressedonprivate-publicpartnershipinthesector

Governmentpoliciesgiveafilliptothehotelindustry.

2000-05

Anationalpolicyontourismwasannouncedin2002,focusingondevelopingarobustinfrastructure

Onlinetravelportals&low-costcarrierairlinesgaveaboosttodomestictourism.

2015-2020

e-TouristVisawaslaunched;atotalof2.93millionforeigntouristsarrivedonthee-TouristVisain2019registeringagrowthof23.6%

InNovember2018,IndiaattainedthirdpositionintheworldtourismsectorafterChinaandUS.

Travelandtourismsectoraccountedfor8.0%oftotalemployment

opportunitiesin2019.

2020-2023

TheinfluxofinternationaltouristsinIndiaisprojectedtoreach30.5millionby2028.

In2022,IndiantourismofficesoverseasparticipateinthemajorinternationalTravelFairs&ExhibitionsincludingArabianTravelMarket(ATM)inDubai,WorldTravelMarket(WTM)inLondon.

7

Segmentsoftourismandhospitality

Accommodation

Accommodationformsabaseforthetourist’sexplorationoftheurbanandnon-urbanenvironments.Itprovidestheopportunityforvisitorstostayforalength

oftimetoenjoythelocalityanditsattractions,whiletheirspendingcontributestothelocaleconomy.

Sincetourisminvolvesthemovementofpeoplefromtheirplacesofresidencetotheplacesoftouristattractions,transportisoneofthemajorcomponentsofthetourismindustry.Todevelopanyplaceoftouristattraction,theremustbeproper,efficient,andsafemodesoftransportation.

Transportation

Tourismandhospitality

Attractions

Attractionsaretheplaces,people,events,andthingsthatmakeuptheobjectsofthetouristgazeandattracttouriststodestinationsincludingnaturalandculturalsites,historicalplaces,monuments,zoos,aquaria,museums&artgalleries,architecturalstructures,themeparks,sportsfacilities,wildlife.

Travelagents

Responsibilitiesoftravelagentsincludeplanningandsellingtransportations,accommodations,insurance,cooperatingwithclientstodeterminetheirneedsandadvisingthemappropriatedestination,modesoftransportations.

Touroperators

Developingtourpackages,negotiatingrates,customizingtravelplans,providingcustomersupport,preparingtourbudgets,researchingandrecommendingtraveloptions.

Source:DunandBradstreet’sReportonTourisminIndia

8

Emergingtourismandhospitalitysegments

1.Ruraltourism

•ShowcasestheIndianrurallife,art,

culture,andheritage,thereby

benefitingthelocalcommunity

economicallyandsociallyaswell

asenablinginteractionbetweenthe

touristsandthelocalsforamore

enrichingtourismexperience.

2.Spiritualtourism

•Revenuefromreligioustourism

destinationsalmostdoubledtoRs.

1,34,543crore(US$16.2billion)in2022fromRs.65,070crore(US$7.8billion)in2021,aspertheMinistryofTourism.

•68destinations/siteshavebeenidentifiedin30States/UTsfordevelopmentunderthePRASHADSchemeasonMarch31,2022.

3.Eco-tourism

•Projectedtoachieveagrowthrateof15.7%from2019to2027,reachingavaluationofUS$4.55billion,India

presentsdistinctivedestinations,

opportunitiesforwildlifeexploration,anduntouchednaturalareasof

pristinebeauty.

Source:DunandBradstreet’sReportonTourisminIndia

6

17

2

5

3

4

4Luxurytourism

TheluxurytravelmarketinIndiaisexpectedtogrowatrateof12.8%during2015-25,thehighestincomparisonwithanyotherBRICcountry.

7.Adventuretourism

•Indiaboasts70%oftheHimalayas,over7,000kilometersofcoastline,ranks10thgloballyintermsoftotalforestarea,andisamongthetrioofnationshousingbothhotandcolddeserts.

6.Medicaltourism

•Drawinguponworld-classhealthcareamenitiesandtraditionalhealingpractices,medicaltourismandwellnessretreatsentice21%ofinternationaltravelers.

5.Heritagetourism

•Giventhevariationsinthecustoms,traditionsandphilosophyingrainedbehindeachstateofIndia,heritagetourismisapotentialproponentfortheupliftmentoflocaleconomies.

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512.00

232.01

247.37

191.30

121.90

178.00

199.60

TotalContributionofTravelandTourismtoGDP(US$billion)

600.00

500.00

400.00

300.00

200.00

100.00

0.00

CAGR12.85%

2017201820192020202120222029F

RisingcontributiontoIndia’sGDP

DirectContributionofTravelandTourismtoGDPatReal2017

Prices(US$billion)

250.00

200.00

150.00

100.00

50.00

0.00

194.69

87.17

91.27

98.17

CAGR6.93%

2016201720182028F

In2022,theTravel&TourismsectorcontributedUS$199.6billiontotheGDP,accountingfor5.9%ofthetotalGDP.

TheIndiantravelandtourismindustryisexpectedtorecordanannualgrowthat7.1%perannum.

AccordingtoWTTC,In2022,theTravel&Tourismsectordirectlycreated16,897,826jobs,representing3.5%oftotalemployment.Thesejobsencompassrolesinhotels,travelagencies,airlines,andotherpassengertransportationservices(excludingcommuterservices).

Tourismisthethirdlargestforeignexchangeearnerforthecountry.

Note:CAGR-CompoundAnnualGrowthRate,F-Forecast,

Source:WorldTravel&TourismCouncil’s(WTTC’s)EconomicImpact2021

10

Foreignarrivalspostpandemic

ForeigntouristsarrivinginIndia(million)

12.0

10.0

8.0

6.0

4.0

2.0

0.0

20172018201920202021202220232024*

AspertheMinistryofTourism,ForeignTouristArrivals(FTAs)inDecember2023were1,070,163.1

ForeignTouristArrivalsinJuly2024were7,76,110ascomparedto

7,86,486inJuly2023.

10.93

FTAsduringtheperiodJanuary-July2024were55,54,484ascomparedto53,07,049inJanuary-July2023.

10.04

10.56

9.20

ThepercentageshareofForeignTouristArrivalsinIndiaduringDecember2023amongthetopfiveportswashighestatDelhiAirport(29.92%)followedbyMumbaiAirport(18.46%),HaridaspurLandCheckPost(7.09%),ChennaiAirport(7.02%),BengaluruAirport(6.20%).

6.44

TheG-20PresidencywillgiveIndia’stourismsectoranunparalleledopportunitytohighlightIndia’stourismofferingsandshareIndia’stourismsuccessstoriesonaglobalstage.

5.54

By2028,IndiantourismandhospitalityisexpectedtoearnUS$50.9billionasvisitorexportscomparedwithUS$28.9billionin2018.

TourismMinistryhasundertakenthe‘NamasteIndia’CampaigntoencourageInternationalvisitorstotraveltoIndia.

7.2

1.52

TheUnitedNationsWorldTourismOrganisationselectedPochampallyinTelanganaasoneofthebesttourismvillagesinNovember2021.

Source:MinistryofTourism,NewsArticles,*JanuarytoJuly2024

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LeisureHolidayandRecreationwasthemajorpurposeforforeigntourists

28.10

13.77

3.77

4.75

10.60

18.17

ForeignExchangeEarnings(FEEs)inUS$billion

30.0

25.0

20.0

15.0

10.0

5.0

0.0

2019

2020

2021

2022

2023

2024*

ForeignTouristArrivals-ByPurposeofVisit(Jan-July2024)

7.82%

9.80%

10.63%

45.12%

LeisureHolidayandRecreation

IndianDiaspora

BusinessandProfessional

Others

Medical

26.63%

January-December2023,26.52%offoreigntouristsvisitedforIndianDiasporawhichmarks9,236,108foreigners.

TourismisanimportantsourceofforeignexchangeinIndialikemanyothercountries.Theforeignexchangeearningsbetween2016and2019increasedataCAGRof7%butdippedin2020duetotheCOVID-19pandemic.

FEEduringtheperiodJanuary-July2024wereUS$18.17billion.

TheMinistryofTourism,Indiahasundertakenthe‘NamasteIndia’CampaignwiththeobjectiveofencouragingInternationalvisitorstotraveltoIndia.

ThedemandforIndianMedicalTourismwasexpectedtogrowatahealthy19%CAGRduring2022-2032.

Source:WorldTravel&TourismCouncil’s(WTTC’s)EconomicImpact2022,MinistryofTourism,,*JanuarytoJuly2024

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11.15%

88.85%

Expectedshareoftouristsbyexpenditure(2028F)

Domesticspending

Foreignvisitorspending

Domesticconsumerstoleadgrowth

ShareofTouristsbyExpenditure(2021)

6%

94%

Domesticspending

Foreignvisitorspending

ThepercentageshareofforeigntouristarrivalsinIndiaduringJuly2024amongthetopfivesourcecountrieswashighestfromUAE(22.94%),followedbySaudiArabia(11.12%),USA(8.47%),Thailand(5.91%)andSingapore(4.95%).

Domesticvisitorspendingincreasedby20.4%in2022,only14.1%below2019.Internationalvisitorspendingroseby81.9%in2022,butstill

40.4%behind2019numbers.

DomestictravelisanticipatedtofurtherincreasetoUS$405.8billionby2028F.

MinistryofTourismorganizedtheNationalConferenceofStateTourismMinistersfrom18thto20thSeptember2022inDharamshala,HimachalPradeshtobringindiverseperspectivesfromalltheStatesandUnionTerritoriesofIndiaontourismdevelopmentandgrowthandtocreatea

directdialoguewiththeStatesonSchemes,policiesandstepsbeingtakenatanationallevelforoveralltourismimprovementinIndia.

Indiaasa360-degreedestinationwaspromotedbytheMinistryofTourismtotheinternationaltravelindustrythroughparticipationinmajorinternationaltravelexhibitionslikeArabianTravelMart,DubaiandWorldTravelMarket,andLondon,etc.

Note:F-Forecasted

Source:NewsArticles

13

Majorcompaniesacrosssegments

Thevalueofthetravelandtourismsector'scontributiontotheIndianeconomyin2022wasRs.15.7lakhcrore(US$190billion),accordingtofiguresfromtheWorldTravel&TourismCouncil(WTTC).

Company

Segment

Revenue

(US$million)

Othermajorplayers

Onlinebooking

Hotel

Touroperators

486511.52470593.04

163.4

675.782.5

FY18FY19FY20FY21FY22FY23FY24

238211

410658652716834

FY18FY19FY20FY21FY22FY23FY24

1,771

1,042978———

38645179·205.

FY18FY19FY20FY21FY22FY23FY24*

Y,

ITC,Oberoi,Marriott

RajTravels,KesariTours

Note:*April-December2023

Source:Respectivecompanywebsite

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RecentTrendsandStrategies

15

NotabletrendsinthetourismindustryinIndia…(1/2)

1.LighthouseTourism5.

5

1

234

3.Cruises

•Anticipatedgrowthincruisepassengertrafficfrom0.4millionto4millionby2032signifiesasubstantialriseineconomicpotential,soaringfromUS$110milliontoUS$5.5billion.

•GovernmentofIndiahasestimatedthatIndiawouldemergewithamarketsizeof1.2millioncruisevisitorsby2030-31.TheGovernmentisplanningtosetupfivecruiseterminalsinthecountryandincreasecruiseshipsto1,000.

•ThegovernmentisplanningtoboosttourisminIndiabyleveraginglighthousesinthecountry.

•Ofthe65lighthousesplannedfordevelopmentasplacesoftouristinterest,themaximum13areinGujarat.

•Thelighthouseswillfeaturemuseums,amphi-theatres,openairtheatres,cafeterias,children’sparks,eco-friendlycottages.

2.Wellnesstourism/Staycation

•Wellnesstourismisslatedtogrowatanaverageannualrateof7.5%inFY2022-23.

•TheMinistryofTourismhas

extendeditsMarketDevelopmentAssistance(MDA)schemetowellnesstourismserviceprovidersincludingaccreditedwellnesscentres.

•

•

•

Campingsites

Promotionofcampingsiteshavebeen

encouragedwithadequate

acknowledgementofitsadverseeffectsontheenvironment.

Besidesprovidinguniquerewardingexperiences,responsibleconductofcampingcanbeamajorsourceofeconomicopportunityinremoteareasaswellasaninstrumentofconservation.

TheMinistryofTourismhascreatedapolicyfordevelopmentandpromotionofcaravanandcaravancampingparks.

4.Adventure

•IndiaaimstoturnthetheadventuretourismtoUS$800billionmarketby2047.

•AdventuretourismisthekeytomakeIndiaa12-monthdestinationfortourists.

•InJuly2021,Modair,India’sleadingadventuretravelcompanybeginsofferingexcitingskyadventuretourismservicesforthefirsttimeinIndiawithavarietyofflightactivitiesincludingadventureflying,cockpitflyingandskydiving.

•InJuly2024,theNortheastandHimalayancircuitshavebeenallocatedRs.782.55crore(US$94.51million)andRs.517.99crore(US$62.56million),respectively,forpromotionofadventuretourism.

Source:IncredibleIndia,EconomicTimes,Newssources

16

NotabletrendsinthetourismindustryinIndia…(2/2)

2.Airlines

•Passengerscarriedbydomesticairlines

duringJanuary–October2024were132.15millionasagainst125.49millionduringthecorrespondingperiodofthepreviousyear

registeringanannualgrowthof5.30%.

•Inthelastfiveyears,thenumberofairlinepassengersincreasedfrom60millionin

2013-14to145million,and400million

passengersareexpectedtotravelby2027.

3.Intercitycabandbus

•Metropolitanareasconstituted33%ofbusbookings,whiletheremaining67%originatedfromotherregions,underscoringtheincreasingsignificanceoftier-IIandtier-IIIcities.

•InFY20,theintercitycabandbusmarketwasestimatedat~US$2.2billionand~US$9.0billion,respectively,andprojectedtogrowanddoubleinsizebyFY27,drivenbytheincreasingdemandfromconsumersinIndia.

4.TravelAgents

•India’stravelmarketwasUS$75billioninsizepre-pandemic,expectedtocrossUS$125billionbyFY27.

•Travelbookingchannelswouldcontinuetobedominatedbythepresenceofagents,whosemarketshareisexpectedtobemaintainedataconsistent50%+betweenFY20-27,translatingintoacumulativebookingvalueofUS$65billioninFY27.

1.Hotels

23

•ICRAprojectsnationwidepremiumhoteloccupancytoreachapproximately70-72%inFY24andincreasefurthertoaround72-74%inFY25,followingarecoveryto68-70%inFY23.

14

•TheIndianhotelmarketincludingdomestic,inboundandoutboundwasestimatedat~US$32billioninFY20andisexpectedtoreach~US$52billionbyFY27.

Source:IncredibleIndia,EconomicTimes,Newssources

17

Strategiesadopted…(1/3)

1

PROMOTIONOFDOMESTICTOURISM

Atleast50destinationswillbeselectedanddevelopedasacompletepackageoftourism,announcedbytheUnionMinisterforFinance&CorporateAffairsMs.NirmalaSitharaman.Thesedestinationswillbeselectedthroughchallengemodeusinganintegratedandinnovativeapproachwhilethefocusofdevelopmentoftourismwouldbeondomesticaswellasforeigntourists.

TheUnionbudgetfor2024placessignificantemphasisonpromotingdomestictourism.FinanceMinister,Ms.NirmalaSitharamanannouncedplanstoprovideinterest-freeloanstostatesaimedatenhancingtourismwithintheirrespectiveregions.

2

In2023,Governmenturgedstatestoestablisha“UnityMall”intheirstatecapitalorthebusiesttouristattractiontopromoteandsell“OneDistrict,OneProduct”,GIitemsandotherhandicraftitems.

IndianRailwaystointroduceBharatGauravDeluxeACTouristTrainunder‘EkBharatShresthaBharat’SchemethatisinlinewiththeGovernmentofIndiainitiative“DekhoApnaDesh”topromotedomestictourism.

Sector-specificskillingandentrepreneurshipdevelopmentwillbedovetailedtoachievetheobjectivesofthe

‘DekhoApnaDesh’initiative.

MULTIPLECHANNELS

3

WiththehelpofAdobesolutionsuite,theMinistryofTourismwillnowbeabletoengageeffectivelywithvisitorsacrosswebandsocialchannelsandmeasureengagement,todeliverrealtimepersonalizedexperiencesforeachvisitor,basedontheirinterestandtravelpersona.

OnlinetravelfirmMakeMyTriphasrolledoutachannel/platformtohelpofflinetravelagentsdigitalizetheiroperationalprocessesandimprovecustomerservices.

SPIRITUALTOURISM

Indiaoffersaplethoraofspiritualdestinationsduetodiversityofreligions,cultures,andlanguages.

PrimeMinisterMr.NarendraModistatedthatthe"GangaPushkaralaYatra,"undertakenbytheBharatGauravTouristTrain,startingfromSecunderabadRailwayStation,Telangana,andpassingthroughreveredcitieslikePuri,Kashi,andAyodhya,willenhancespiritualtourisminIndia.

Note:SOPs-StandardOperatingProcedures,B&Bs-BedandBreakfasts

Source:PIB

18

Strategiesadopted…(2/3)

DATAANALYTICSANDARTIFICIALINTELLIGENCE

Datacollectioncanbebeneficialfortravelbusinessestogainadeeperknowledgeoftheircustomerbaseandpotentialaudiences,whichcantheninformpersonalizedofferings,deliverimportanttailorednewsandensureasmoothandseamlessexperiencecustomizedtotheirspecificneeds.

In2022,IRCTCintroducedAskDISHA2.0,anArtificialIntelligenceandMachineLearningbasedChatbottopromotetourismbyansweringqueriespertainingtovarioustravelrelatedservicesandevenhelpusersperformvarioustransactionslikeend-to-endticketbooking,andmore.

In2019,amajorinternationalsummitheldinKeralatotakeupuseofartificialintelligence(AI)andothertechnologiesinthetourismindustry.

4

DEKHOAPNADESHWEBINAR

TheMinistryofMinistryofTourismlaunchedaseriesofwebinarsunderthe“DekhoApnaDesh”Schemetomaintainadialogueandintroducethecitizenstothehistory,culture,cuisine,heritage,architecture,etc.

Thewebinarsincludeglimpsesoftheculture,heritage,handicrafts,andcuisineofthedestinations,inadditiontothetouristspots.ConceptsofResponsibleTourism,SustainableTourism,Accessible

Tourism.

5

M-VISA

6

AspecialtypeofVisaislaunchedbytheGovernmentofIndiain2014tocatertothemedicaltourismindustry,Indiane-MedicalVisa.

MedicalVisahasbeenintroduced,whichcanbegivenforspecificpurposestoforeigntravellerscomingtoIndiaformedicaltreatment.‘E-MedicalVisa’hasalsobeenintroducedfor166countries.

Note:SOPs-StandardOperatingProcedures,B&Bs-BedandBreakfasts

Source:PIB

19

Strategiesadopted…(3/3)

SAATHIINITIATIVE

7

In2020,theSAATHIinitiativewiththeQualityCouncilofIndiawaslaunchedtoassistthehospitalityindustrytoensuresafetyandhygienefortouristsandtheworkforce.

ThisinitiativeisalignedwithAatmanirbharBharattosensitizetheindustryontheCOVIDregulations,andtheGovernmentannouncedAatmanirbharBharatPackagevidewhichRs.3lakhcrore(US$36billion)collateral-freeautomaticloanhasbeenmadeavailableforMSMEs.Theloanwillhaveafour-yeartenureanda12-monthmoratorium.

8

LIGHTHOUSETOURISM