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  sectors Tourism

Background

'Conde Nast Traveler', one of the world's most celebrated travel magazines, ranked India amongst the top 10 tourist destinations of the world. India has significant potential for becoming a major global tourist destination and it is estimated that tourism in India could contribute Rs.850,000 crores (USD 191 billion) to the GDP by 2020. Currently India has an estimated 0.8% share of the world market for tourism. This makes tourism infrastructure a major component in the future of infrastructure development in the country. The sector is in need of Rs.16 billion (USD 353 million) for 2007-08. With Rs.10 billion (USD 225 million) expected from the government's budgetary support, the gap is required to be met by private funds.

Initiatives

In May 2002, under the New Tourism Policy, several policy initiatives were initiated to make tourism a catalyst in employment generation, wealth creation, development of remote and rural areas, environment preservation and social integration. The policies also aim to spruce up economic growth and promote India's strengths as a tourism destination that is both safe as well as exciting.

IIDC Initiatives in this sector

IIDC has contributed to tourism sector by developing tourism infrastructure in various tourism sub-sectors and products. IIDC is constantly planning and implementing tourism infrastructure through public private partnerships (PPP). IIDC is instrumental in development of various iconic projects in PPP formats in most of the tourism sub-sectors like business & hospitality, pilgrimage, recreation, adventure, nature and health / medical tourism. The products in the sub-sectors include development of: convention centers, five-star and budget hotels, resorts, air connectivity, destination development, ropeways and golf courses.

Project Development Approach

Vendor development, interaction with financial institutions, bid documents and bid process management, selection of operator, facilitation for financial closure, handholding during implementation.
Integrated development of tourism circuits, destination development, sectoral development and product development in PPP formats.
Comprehensive advisory services for projects in the areas of technical, financial, legal, risk management, policy frameworks and social management as well as process management.

TopSuccess Stories

Development of Tijara Fort, Rajasthan
Guwahati Budget Hotel, Assam
International Convention Centre, Hyderabad
Redevelopment of Rajinder Kothi as Heritage Hotel, Punjab
International Convention Centre in Thiruvananthapuram, Kerala
Jal Mahal Tourism Project in Jaipur, Rajasthan
Agartala Budget Hotel, Tripura
Conservation of Quila Nabha, Punjab
Solang Nala Ropeway Project, Himachal Pradesh
5 Star Hotel & Convention Centre, Dehradun 
Budget Hotel, Shillong, Meghalaya 

Ongoing Projects

Tourist Rest Houses in the Kumaon Hills
Vizag Beach Development in Andhra Pradesh
Southern Splendour Luxury Train in Andhra Pradesh
Diu Tourism Infrastructure Development Project
Budget Hotel Projects (North East India, Uttarakhand etc)
Sri Ram Sagar Destination Development in Andhra Pradesh
Ananthgiri Eco-Tourism Development Project in Andhra Pradesh
Air Connectivity in Uttarakhand and North Eastern India
Ropeway Projects in Uttarakhand, Meghalaya etc.
New Tourism Development in Bodoland
Sea / River Cruises in Andhra Pradesh
Convention & Trade Centre, Bhopal
TopInternational Convention Centre, Goa
 
   
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