FAITH Releases India Tourism Vision 2035; Proposes Four Pillars to Achieve Strategic Goals
by EVENTFAQS Bureau Industry Watch | February 18, 2022 | News
FAITH
Federation of Associations in Indian Tourism & Hospitality (FAITH) has published a vision document called India Tourism Vision 2035. It aims to position tourism as a ‘Social Economic Job and Infrastructure creator for India’ as well as ‘to be a role model for creating Sustainable and Inclusive Ecosystem’.
The India Tourism Vision 2035 was released on 16 February 2022 by Nakul Anand, Chairman, FAITH and Executive Director, ITC.
According to the document, the global tourism industry has posted a CAGR of over 6 per cent in the last 50 years. Besides, it has been the main source of foreign exchange earnings for one-third of developing countries and accounts for upto 40% of GDP in nearly 50% of the least developed countries.
This vision proposes 4 strategic pillars namely shared national tourism approach, value accretive regulations, investment drivers and market excellence to achieve the goals.
Under each of these pillars, FAITH has proposed tourism to be a concurrent subject as a shared execution between Centre & states. It states that tourism exports be treated at par with other exports & services and such transactions may be zero rated for GST without stopping the flow of input credits. There should be National Tourism Council of PM & CMs, and registered tourism service provides with single Centre-State unique id for quality assurance. Moreover, the vision enlists that all tourism projects and plans be based around Sustainable Design Principles.
This vision proposes 4 strategic pillars namely shared national tourism approach, value accretive regulations, investment drivers and market excellence to achieve the goals.
