Background

'Conde Nast Traveler', one of the world's most celebrated travel magazines, ranked India amongst the top 10 tourist destinations of the world. India has significant potential for becoming a major global tourist destination and it is estimated that tourism in India could contribute Rs.850,000 crores (USD 191 billion) to the GDP by 2020. Currently India has an estimated 0.8% share of the world market for tourism. This makes tourism infrastructure a major component in the future of infrastructure development in the country. The sector is in need of Rs.16 billion (USD 353 million) for 2007-08. With Rs.10 billion (USD 225 million) expected from the government's budgetary support, the gap is required to be met by private funds.

Initiatives

In May 2002, under the New Tourism Policy, several policy initiatives were initiated to make tourism a catalyst in employment generation, wealth creation, development of remote and rural areas, environment preservation and social integration. The policies also aim to spruce up economic growth and promote India's strengths as a tourism destination that is both safe as well as exciting.

IL&FS IDC Initiatives in this sector

IL&FS IDC has contributed to tourism sector by developing tourism infrastructure in various tourism sub-sectors and products. IL&FS IDC is constantly planning and implementing tourism infrastructure through public private partnerships (PPP). IL&FS IDC is instrumental in development of various iconic projects in PPP formats in most of the tourism sub-sectors like business & hospitality, pilgrimage, recreation, adventure, nature and health / medical tourism. The products in the sub-sectors include development of: convention centers, five-star and budget hotels, resorts, air connectivity, destination development, ropeways and golf courses.

Project Development Approach

	Vendor development, interaction with financial institutions, bid documents and bid process management, selection of operator, facilitation for financial closure, handholding during implementation.
	Integrated development of tourism circuits, destination development, sectoral development and product development in PPP formats.
	Comprehensive advisory services for projects in the areas of technical, financial, legal, risk management, policy frameworks and social management as well as process management.

Success Stories

	Development of Tijara Fort, Rajasthan
	Guwahati Budget Hotel, Assam
	International Convention Centre, Hyderabad
	Redevelopment of Rajinder Kothi as Heritage Hotel, Punjab
	International Convention Centre in Thiruvananthapuram, Kerala
	Jal Mahal Tourism Project in Jaipur, Rajasthan
	Agartala Budget Hotel, Tripura
	Conservation of Quila Nabha, Punjab
	Solang Nala Ropeway Project, Himachal Pradesh
	5 Star Hotel & Convention Centre, Dehradun
	Budget Hotel, Shillong, Meghalaya

Ongoing Projects

	Tourist Rest Houses in the Kumaon Hills
	Vizag Beach Development in Andhra Pradesh
	Southern Splendour Luxury Train in Andhra Pradesh
	Diu Tourism Infrastructure Development Project
	Budget Hotel Projects (North East India, Uttarakhand etc)
	Sri Ram Sagar Destination Development in Andhra Pradesh
	Ananthgiri Eco-Tourism Development Project in Andhra Pradesh
	Air Connectivity in Uttarakhand and North Eastern India
	Ropeway Projects in Uttarakhand, Meghalaya etc.
	New Tourism Development in Bodoland
	Sea / River Cruises in Andhra Pradesh
	Convention & Trade Centre, Bhopal
	International Convention Centre, Goa