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Rajasthan signs 56 MoUs during Incredible India Tourism Investor’s Summit – 2016

Jaipur, 23 SEP., 2016. Department of Tourism, Govt. of Rajasthan participated in the Incredible India Tourism Investor's Summit - 2016 held from September 21 to September 23, 2016. The event organized by Ministry of Tourism, Govt. of Rajasthan and Confederation of Indian Industry (CII) featured signing of 56 Memorandum of Understanding (MoUs) by Rajasthan Tourism involving proposed investment of Rs. 977.57 Crore and employment of 4745 persons in the presence of Union Minister for state for Tourism Dr. Mahesh Sharma, Secretary Shri Vinod Zutshi. Secretary Tourism Rajasthan Smt. Roli Singh and Director of Rajasthan Tourism Shri Ashutosh A.T. Pednekar were also present in the Summit.

A Rajasthan state seminar was also a major attraction that focussed on investment opportunities and steps taken by the Rajasthan government to ensure speedy and hassle free investment in Rajasthan. The presentation exhibited more than 100 investible projects to the investors. As a part of this meet Rajasthan Tourism officials held more than 50 B2B meetings with numerous potential investors of varied interests.

Director of Rajasthan Tourism  Shri Ashutosh A.T. Pednekar talked about the significance of the Summit and said, “The overwheming response received from the investors was highly encouraging and we look forward for numerous successful ventures ahead.”

YES BANK also expressed their proud association with the inaugural Incredible India Tourism Investors Summit 2016 (IITIS) as a knowledge partner. Nikhil Sahni, Senior President and Country Head, Government Banking and Strategic Government Advisory of YES BANK mentioned that “As a Knowledge Partner, we have worked jointly with the Rajasthan Government in developing the presentation for the state seminar and identifying& developing more than 100 readily investible projects worth approx INR 4,000 crores.”

Rajasthan was among the top rank holder states in the ease of doing business with the government becoming a partner rather than a regulator. One of the major milestones of Rajasthan government was approximately twice an increase in volumes of application for setting up Tourism Units after the announcement of the Tourism Unit Policy 2015. The Incredible India Tourism Summit proved to be a one stop shot for any investor entering India.