In order to gain momentum in the share market and expand various segments, nowadays, mergers are underway in various government and private sectors, says business strategist Hirav Shah
Definition of Merger : A merger is an official agreement that brings together two or more already existing companies/firms/organizations under one roof to operate financial and administrative dealings.
According to reports, Tourism and Hospitality is one of the rapidly growing business chains in the service sector.
India is the world’s 8th largest country in terms of contribution to the travel and tourism sector.
Reportedly, the Tourism industry in India has been generating a revenue of close to $250 billions from the past few years in India. As per the official data released by the central government in 2017, 10 million foreign tourists are visiting India every year and is providing employment by the Tourism industry in India to approximately 43 million people, says 2018 statistics released by the Tourism industry.
Reasons to invest in the Tourism and Hospitality industry
Being the third-largest foreign exchange industry India, the Tourism and Travel sector has been fetching approximately 46 billion dollars investment every year.
Having a diverse portfolio of tourism products like adventure, medical, wellness, sports, eco-tourism, film, rural and religious tourism, the sector has a wide scope to fetch good revenues for the investors.
Hotels with a projected cost of close to 30 million dollars are already brought under the Harmonized Master List ( HML) Infrastructure by the government of India, remains Hirav Shah
In the second half of 2020, the Union Ministry of State for Tourism and culture inaugurated Association of Buddhist Tour Operators International convention centre as mileage for the Tourism industry.
Under PRASHAD Scheme, the central government has also inaugurated the Tourist Facilitation Centre. The main aim of this scheme is to provide basic Tourism facilities such as Interpretation Centers, Money exchange centres, eco-friendly mode of transport.
Gujarat which has been promoting the Tourism industry on a wide manner is expected to see considerable growth with the launch of Ropeway at Girnar due to which a distance of 2.3 km will be covered in less than 8 minutes and will be a nice spot to witness the lush greenery surrounding the Girnar mountain.
Investment sources in India
Having world-class hospitals and skilled medical professionals across India make it a preferred destination for medical tourism.
Coming to rural tourism, the central government has been promoting the Incredible India 2.0 Campaign and sanctioned more than 185 sites in various states and union territories across the country earlier.
Under Swadesh Darshan Scheme, the Ministry of Tourism identified a few circuits for the development. Steps have also been taken to save the ecosystem and cultural heritage of the great Himalayas.
The Tourism and hospitality sector in India offers opportunities in various segments such as timeshare resorts, convention centres, motels, heritage hotels to promote tourist inflow.
Under Swachh Paryatan Mobile App a 24/7 tourist Helpline launched in 12 International languages for the convenience of foreign tourists.
As the Tourism and Hospitality industry in India is having so much scope to generate more revenue in the coming years, business strategist and Astrologer Hirav Shah opines that the merger activity for small and mid-range platforms in the industry will only help as the great source of income for the investors.
Checking up with Astro Analysis and strategies before going ahead with merger deals will help to achieve the targets in a quick manner.