Arun Jaitley, Minister for Finance and Corporate Affairs inaugurated the ‘Incredible India Tourism Investors Summit (IITIS) 2016’ in the presence of Dr Mahesh Sharma, Minister of State (I/C) for Tourism & Culture; N Chandrababu Naidu, Chief Minister of Andhra Pradesh; P K Sinha, Cabinet Secretary; Vinod Zutshi, Secretary, Ministry of Tourism and other dignitaries. IITIS 2016 was organised by the Ministry of Tourism in partnership with the Confederation of Indian Industry (CII) and Tourism Finance Corporation of India Ltd (TFCI).
Jaitley in his inaugural address said that a business model should be developed for promoting hospitality industry which has to adjust to the capacity of the market. Railways infrastructure and passenger amenities have also improved and railway stations will be developed at par with airports. Naidu in his special address expressed his concern that many small countries attract more tourists whereas India could not do so. P K Sinha emphasised on the need of safety and security of tourists. Four Knowledge Partners- Ernst & Young, KPMG, Yes Bank and Invest India assisted States and UTs for identifying projects, suggesting Tourism Policy updates and presenting these to the potential investors during the summit.