Nirmala Sitharaman travel tips

The Indian government is exploring adventure tourism as an avenue of promoting destinations across the country. For instance, earlier this month, the newly appointed minister of tourism Gajendra Singh Shekhawat went skydiving in Haryana on World Skydiving Day. 

The travel industry in India had a long wish list for the Union Budget released Tuesday: Industry status for tourism; a uniform tax rate for hotels; streamlined registration for online travel agencies; infrastructure status for hotels.

India has experienced a significant drop in the World Economic Forum’s travel and tourism rankings since 2019, falling 10 places to the 39th position. This decline has come despite the sector’s overall growth and the nation’s natural and cultural assets.

India plans to promote green tourism, open up to 50 new tourism destinations, and launch a publicity campaign in overseas markets during its presidency of the G20 this year, officials said.

India’s Finance Minister Nirmala Sitharaman invited U.S. aircraft maker Boeing to ramp up investmentin the country, given India’s flourishing aerospace and civil aviation market. The planemaker had earlier announced that it will invest about $24 million on setting up a logistics center in the country to stock spares for commercial airlines. During an interaction with a delegation from Boeing’s global senior leadership team, the minister underlined India’s focus on repositioning itself as a maintenance, repair and operations hub that can potentially cater to a wide region spanning Europe, Africa and the Far East. Earlier in March, Civil Aviation Minister Jyotiraditya Scindia also highlighted it was time for India to look at manufacturing aerospace products, adding that the aggregate fleet size of domestic carriers is estimated to reach around 2,000 aircraft over the next five to seven years. Sitharaman further emphasized the opportunities available for companies to relocate to India to be a hub for the region. In reference to Indian airlines’ record aircraft order, she informed the delegation about Gujarat International Finance Tech-city banks’ aircraft leasing operations.