For India’s long-term growth cycle, we need additional ₹6.5 million CR investment: Suman Billa

Suman Billa emphasised the importance of reforming capital structures, especially by shifting hotels from the real estate lending list to the infrastructure list.

Suman Billa, Additional Secretary, Ministry of Tourism, Government of India, delivered a compelling speech on the third day of the FHRAI Hospitality Awards Convention, shedding light on the transformative growth anticipated in the industry.

Billa underscored the significant investment needs for India’s tourism sector, which is expected to reach a market size of ₹2 million crore by 2029. He said, “India is on a long-term growth cycle, but to maintain this momentum, we require an additional investment of ₹6.5 million crore. We have already identified the need for ₹8,72,000 crore in investment to meet our ambitious goals.”

He emphasised the importance of reforming capital structures, especially by shifting hotels from the real estate lending list to the infrastructure list. This would enable lower interest rates on debt and longer repayment periods. If the government can create the right conditions for entrepreneurial growth, investments—both domestic and international—will flow into the tourism and hospitality sectors. India’s tourism growth story is only just beginning.”

The day also featured an inspirational speech by legendary South African cricketer, Jonty Rhodes, who spoke passionately about India’s global impact, not only in sports but across industries. “India has transformed from ‘Incredible India’ to ‘Inevitable India.’ Everyone wants to be here, and we have seen tremendous growth, particularly in cricket and tourism. It’s exciting to see the passion and energy driving this transformation.”