HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
                               

Friday, January 09, 2015

India targets one per cent share of the global tourist arrivals in three Years-Tourism Minister Dr. Mahesh Sharma

Union Minister of State for Tourism, Culture and Civil Aviation Dr. Mahesh Sharma said that India is poised to receive one percent of Global tourists in three Years. Speaking at the Plenary session of the Pravasi Barati Diwas at Gandhinagar, Dr. Sharma said, presently India receives about 7 million foreign tourists annually and the target is to get one per cent share of the global tourist arrivals which is around 1.1 billion in three years. The Minister said Tourism is one of the most important socio economic activities globally and it is very relevant for India's economy also. An investment of Rs. 10 lakhs generates 18 jobs in agriculture, 45 jobs in manufacturing and 78 jobs in tourism sector, hence tourism has to be an important component of socio-economic development of India. He said the Union Government has introduced Electronic Travel Authorisation (ETA) for 43 countries on 27th November, 2014.

In the last five weeks the total number of visas issued on line has crossed the figure of 22,179. These 43 countries covered about 42 per cent of the source market for Indian Tourism at the world level and Ministry of Home Affairs has been requested to include China, UK, France, Germany, Spain and Italy also in this list of ETA countries Dr. Sharma added. These countries would bring in 20 per cent of world tourism market for India. Government has announced two more schemes for development of tourism infrastructure titled ‘National Mission on Pilgrimage Rejuvenation and Spiritual Augmentation (PRASAD) and also another Rs. 500 crores have been provided for development of 5 Integrated Circuits, the minister added.
Posted by

Blog Archive

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.


In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.


Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.


Published Credits goes to following sources & all the mentioned sources as footer below the published material- Bloomberg, Valueresearch Online, Capital Market, Navindia, Franklin Templeton, Kitco, SBI AMC, LIC AMC, JM Financial AMC, HDFC AMC, The Hindu, Business Line, Personal FN, Economic Times, Reuters, Outlook Money, Business Standard, Times of India etc.