FOREIGN INVESTMENT IN TOURISM SECTOR

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The Government of India has proposed to attract foreign investments, inter-alia, in the tourism sector. For hotels and tourism related industry, automatic approval up to 100 per cent foreign equity has been allowed. The Department of Tourism through its overseas offices in association with the Indian Tourism Industry, Industry Associations, Non-Resident Indians and People of Indian Origin have proposed to undertake road shows to promote tourism as well as investment in tourism. Introduction of Single Window Clearance mechanism by the State Governments has been recommended for tourism projects to attract investment.

This information was given by the Minister of Tourism and Culture, Shri Jagmohan in a written reply to Shri Y.G. Mahajan and Smt. Jas Kaur Meena in the Lok Sabha yesterday.