Nakul Anand, Chairman, FAITH, shares broad highlights to make Indian tourism preferred and loved by global and domestic tourists

FAITH, the policy federation of all the national associations representing the complete tourism, travel and hospitality industry of India (ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI), has released an India Tourism Vision 2035 with a vision statement, goals and a tangible execution path to begin today for the country commemorating the 75th Golden Year of Indian Independence. 

Nakul Anand, Chairman, FAITH, shared the broad highlights of Vision 2035 to make Indian tourism preferred and loved by global and domestic tourists, to create economic and wealth infrastructure, creation of opportunities for tourism entrepreneurs and employees and to be a role model sector for sustainable and inclusive growth. The document targets 75 million inbound tourists, $150 bn foreign exchange earnings, 7.5 billion domestic tourism visits, 15 crore direct and indirect jobs from tourism, $225 bn from domestic tourism, $1.1 bn plus GDP impact direct and indirect 75 mn outbound travellers. 

FAITH’s vision statement for Indian tourism:

·To make Indian tourism preferred and loved by global & domestic tourists

·To create economic and wealth creation opportunities for tourism, travel & hospitality entrepreneurs for India

·To position tourism rightly as social economic job and infrastructure creator for India. 

·To become a role model sector for sustainable and inclusive growth. 

 FAITH 2035 vision lays down the following key headline action goals in multiples of 75 referencing all indicators to our 75th golden year of independence.

·Target 75 million inbound tourists

·Aim for $ 75 bn *2 (ie $ 150 bn of foreign exchange earnings from inbound tourism

·    Aim for 7.5 billion domestic tourism visits

·Target 75 mn * 2 ( i.e. 150 mn or 15 crores) direct and indirect employment from tourism in public and private sector in hotels, travels agencies & tour operations, tourism transportation , food services, destination management & services which are looking after tourists.

·Target $ 75 bn *3 ( $ 225 bn ) economic revenue from domestic tourism

·    Target $ 75 bn capex direct and indirect annually

·   Target $ 75 bn * 15 ( $ 1.1 tn  + + economic impact direct and indirect )

·Enable 75 mn outbound travellers from India.

FAITH tourism vision 2035 proposes 4 strategic pillars to achieve the goals

- Shared national tourism approach

- Value accretive regulations

- Investment drivers

- Market excellence

Under each of these strategic pillars FAITH proposes the following actions plans: Shared Tourism Vision, Value Accretive Regulation, Investment Driver and Market Excellence.