Indian Tourism Sector: The Growth Story (August 2011)

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Our investment consultation and facilitation services have been steadily attracting numerous queries from Overseas Indians across geographies, round the clock. These include queries for guidance on tax, legal, investment, education, human resource (HR) services and pre-entry market exploration. Register and avail of our investment consulting and facilitation services.
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infocus

Tourism in India: Key Potential and Opportunities
Tourism in India is witnessing widespread growth on the back of increasing inbound Tourism by the burgeoning Indian middle class, rising inflow of foreign tourists and successful government campaigns for promoting 'Incredible India'. In fact, India is currently ranked 12th in the Asia Pacific region and 68th overall in the list of the world's attractive destinations, according to the Travel and Tourism Competitiveness Report 2011 by the World Economic Forum (WEF).
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Contributions from our Partners

• Karnataka: A Leading Tourist Destination
• Kerala, the Land of Opportunities
• Tourism in Orissa
• India Tourism - Market Entry

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Eco-tourism is considered one of the fastest growing markets in the Tourism Industry, growing at an annual growth rate of 5 per cent worldwide and representing 6 per cent of the World's Gross Domestic Product (GDP), as per the World Tourism Organization.

In India, the sector is also gathering momentum with various travel and travel-related organisations focussing on promoting eco-tourism and addressing the needs of eco-tourists in the country. Although, the segment is still at a very nascent stage in India, the country offers various options such as holiday camping in the Himalayan belt, house-boats in Kerala and tree houses at Vythiri. The Ministry of Tourism has also started various initiatives, such as evolving Sustainable Tourism Criteria, to fuel growth for the sector.

We invite you to contribute your views and thoughts on the growing eco-tourism sector in India.
Let's discuss.

investmenttrends

India's total private transfer receipts, comprising mainly remittances from overseas Indians, for the period January-March 2010-11 (Preliminary) stood at 14.6 billion, while between January-March 2009-10 (Partially Revised), private transfers receipts amounted to US$ 13.1 billion, according to the figures released by the Reserve Bank of India (RBI) in August 2011.
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yourquery

Q: I am interested in setting up travel and tourism business in India. I am working professional in Abu Dhabi and want to return back to India and start my own business in the field of Travel & Tourism either in Delhi or Indore, please let me know how you can help me in this regard?

A: In reference to your query, for starting your Tourism related business, you need to incorporate a company in India and that company will undertake the said business. Corporate Professionals can help in setting up your business in India.

For details on Formation of a Company/LLP please read the article on "India Tourism-Market Entry " by Corporate Professionals.

(Answered by our Premium Knowledge Partner Corporate Professionals)
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policy&newsupdates

Foreign Tourist Arrivals and Foreign Exchange Earnings in July 2011
Foreign Tourist Arrivals (FTAs) during the Month of July, 2011 was 4.98 lakh as compared to FTAs of 4.52 lakh during the month of July, 2010 and 4.33 lakh in July, 2009.
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• Progress of Tourist Visa on Arrival scheme: July 2011
• Total Quantum of FDI
• Export Grows 81% in July at US$ 29.3 Billion: Commerce Secretary