India to double foreign exchange from tourism
LONDON: India will double its foreign exchange earnings from tourism in the next three years and make it the number one foreign exchange earner, Tourism Minister Renuka Chowdhury said.
“We earned $4.8 billion in foreign exchange from tourism in 2004 and we expect it to cross $10 billion in the next three years,” she said.
Chowdhury said “India, today, is a transformed tourist destination, competing to give the best, in fact the ‘incredible
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India to double foreign exchange from tourism
India will double its foreign exchange earnings from tourism in the next three years and make it the number one foreign exchange earner, Tourism Minister Renuka Chowdhury said.
"We earned $4.8 billion in foreign exchange from tourism in 2004 and we expect it to cross $10 billion in the next three years," she said.
Chowdhury said "India, today, is a transformed tourist destination, competing to give the best, in fact the 'incredible."
The unprecedented growth and successful campaigns have resulted in the National Geographical Traveler calling India "The Land of Mystery and Majesty," she said. The
Maori culture next big thing in tourism
Magnificent landscape may be the main attraction for international travellers but cultural tourism that shows off the country's Maori heritage is gaining ground as another big money-maker.
Industry experts say growth of the $17 billion tourism sector depends on its ability to deliver an authentic experience to the savvy travellers who have limitless global choice.
In a shift in the way New Zealand is marketed abroad, the industry is leveraging its indigenous roots with Maori-led tourism ventures to draw visitors like never before.
It is difficult to obtain data on how much the Maori
Tourists returning to tsunami-affected markets
According to the latest tourist spending data released by Visa Asia Pacific, tourism recovery and spending growth in the tsunami-affected markets are consistent with that of the rest of Asia Pacific.
One year later, new figures indicate that most of the countries affected by the December 26, 2004 tsunami are recording year-on-year cardholder spending growth. In addition one of the tourist destinations that has struggled to recover, Phuket, has recorded year-on-year tourism spend growth for only the third time this year. Visitor card spending in four of the tourist destinations - India, Malaysia, Maldives and Thailand recorded
ADB plans to double aid to India
The Asian Development Bank (ADB) has decided to more than double its financial assistance to India to over $2.6 billion by 2008 from the current level of around $1.3 billion, according to the ADB President, Mr Haruhiko Kuroda. The decision is part of the ADBs attempt to make more Indians benefit from the countrys dynamic growth and to bridge the rich-poor gap through robust infrastructure development that ensures an enabling environment for large-scale private investments and substantial jobs creation, he added.
Speaking to newspersons at the 39th annual meeting of ADB board of
Pakistan, India exchange lists of wanted criminals
Pakistan and India on Tuesday exchanged a list of wanted criminals but did not hold any discussion on the matter, official sources told Daily Times.
Syed Kamal Shah, Pakistans interior secretary, exchanged the list with his Indian counterpart VK Duggal, on the sidelines of two-day talks between the two countries.
Sources said the exchange of lists was not part of the agenda of the talks, which focussed on exchange of civilian prisoners and fighting drugs and terrorism.
The list given to the Indian home secretary by Pakistan included 58 wanted criminals believed to be hiding in India.
