Reddy invites US companies to invest in India’s tourism sector – TravelBizMonitor

Union Minister for Culture, Tourism and Development of the North-Eastern Region (DoNER), G Kishan Reddy, called on US firms and companies to invest in India’s strong and diverse tourism sector during a five-day visit to New York. He applied for investment while speaking at a community reception hosted by the Indian Consulate General in New York.

The Minister announced in a tweet on July 13 that he will give a keynote address at the ongoing High-Level Political Forum at UN headquarters on Friday, “in addition to attending various official and community engagements.”

Reddy emphasized economic growth in India, the Narendra Modi government’s Make in India initiatives, the start-up ecosystem in the nation, as well as various measures being taken to boost industries, including tourism, across the country in his speech to the members. of the Indian-American community and diaspora at the Consulate. He claimed that the government had produced a favorable climate through its laws and regulations. Reddy also encouraged investment in the industry and assured that his government and ministry would warmly welcome and support American businesses and anyone seeking to participate in India’s tourism industry.

According to Reddy, the G20 is chaired by India and more than 100 meetings have been held across the country. This has given delegates and officials from G20 nations an opportunity to see and experience India’s rich cultural heritage and tourist attractions.
According to the minister, India’s focus and priorities during her G20 presidency in terms of tourism have included a sustainable and inclusive future for all, technological advancement, digital public infrastructure, multilateral institutions for the 21st century, as well as women-led development. .

Reddy also said that India’s tourism and hospitality industry is one of the largest industries and one of the largest employment generating sectors in the country.

India has also stated that it is creating an enabling environment for the tourism sector to contribute to economic growth, environmental protection and social welfare in a sustainable manner. While addressing the event at the UN headquarters on July 15, Reddy said, “India is actively advancing the Sustainable Development Goals through tourism, implementing various activities and strategies.”

Tourism is a key source of income, foreign exchange earnings, tax revenue and employment in many countries. Sustainable tourism has the unique power to encourage environmental responsibility and conservation because it connects people with nature. Sustainable tourism, including ecotourism, is a cross-cutting activity that can help achieve the Sustainable Development Goals by fostering economic growth, alleviating poverty, creating full and productive employment and providing decent work for all.