Search Result for : Tourism Sector

Press Information Bureau Commerce and Industry Minister Nirmala Sitharaman has said that the revised Foreign Trade Policy (FTP) would be released early to synchronise the same with the roll out of GST. The core focus of the revised FTP would be promoting exports from the SMEs and high employment potential sectors. Nirmala Sitharaman was chairing a meeting on the mid-term review of the Foreign Trade Policy 2015-20 organised jointly by Department of Commerce and Research and Information System for the Developing Countries (RIS) . Commerce Secretary Rita Teaotia, Chairman RIS Hardeep Singh Puri and DGFT Ajay Bhalla also participated in discussions. The event was attended by the trade policy experts from the industry, academia, research and Government. Major suggestions discussed during the deliberations ...

Sairaj Iyer Travel & Tourism has without any doubt become an integral part of daily life and therefore it is intertwined with trade and economy. Surprisingly, consumption trends in MICE (meetings, incentives, conferences and exhibitions), particularly in a digitised & demonetised India have been nothing like its old past. Senior industry leaders at a panel discussion moderated by Sheldon Santwan, COO at Saffron Synergies, found that their issues were actually not limited to demonetisation or GST, but in fact a new trend in customer behaviour. A year of Surprises? Sachin Nene, Regional General Manager - India, Air Arabia averred that there were challenges on the international front owing to demonetisation, but airlines could still make profits. “The October-December quarter was challenging, because of ...

The Dollar Business Bureau UK-based travel company Trafalgar expects to achieve about 20% growth in India this year. “India is the fastest growing country for us in Asia, and since last two years we have been witnessing double digit growth from this market. This financial year (January-December) we are expecting 19-20% growth,” Trafalgar (Asia) President Nicholas Lim said. The company, which has already completed three years in the country, earns 12-15% of its total revenue from India. Lim said several factors such as 60% repeat clientele in India, insider experiences, premium clientele, superior services and word of mouth have contributed to the company’s unparallel success in the country. “India, which contributes 12-15% to the overall revenue of the company, is a focus market for ...

Governments' top priority is to develop its 1,300 islands and 218 lighthouses to attract tourists, said Nitin Gadkari, Road Transport and Highways Minister Source: PTI The government is also promoting waterways and hopeful of getting Parliament nod on the Bill to convert 111 rivers into waterways, which is a much cheaper mode of transport   Union Minister Nitin Gadkari has invited investors from the US to tap the potential of seaplanes in the country, a move that will boost the tourism sector. Promising early approvals, Road Transport and Highways Minister Gadkari said this is an era of innovation which could change the face of the country, be it science and technology or agriculture. We want to encourage seaplanes. A small nation like Maldives has a ...

Source: PIB, Government of India The Union Cabinet chaired by the Prime Minister Narendra Modi on Tuesday has given its ex-post facto approval for signing a Memorandum of Understanding (MoU) between India and Cambodia for cooperation in the field of tourism with an aim to promoting bilateral tourism between the two countries. The MoU was signed during the visit of the Vice President of India to Cambodia on September 16. The main objectives of this Agreement are: Expansion of bilateral cooperation in the tourism sector. Exchange of information and data related to tourism. iii.    Encouraging Cooperation between tourism stakeholders including hotels and tour operators. Establishing exchange of programmes for cooperation in Human Resources Development. Investment in the tourism and hospitality sectors. Exchange of visits of tour ...