Harnessing the Tourism Potential

Tourism has potential to provide 1000 jobs per day – Mr. K.B. Kachru, Chairman, CII NR Committee on Tourism & Hospitality

Mumbai, November 2, 2017: A plenary session ‘Harnessing the Tourism Potential’ was organised at the CII Invest North 2017 conclave at Mumbai. Distinguished panellist from the tourism industry were invited to speak upon the ways to tap the immense potential of the tourism sector in India.

The Indian Tourism and Hospitality Industry is one of the key drivers of growth in the area of the services sector in India. Tourism has a very large potential to generate employment and approximately employs 13 million people across various sub-segments of the sector.

Tourism and Hospitality sector has attracted around US$ 9 billion of Foreign Direct Investment (FDI) during the period April 2000-March 2016, according to the data released by Department of Industrial Policy and Promotion (DIPP).

Today, Tourism and Hospitality sector has emerged as one of the the fastest growing industries globally. India has a huge untapped potential in the tourism sector and if developed properly it has the potential to add tremendous towards the growth of Indian economy.

Mr. K.B. Kachru, CII Chairman – NR Committee on Tourism and Hospitality in his opening remarks mentioned that over last 6 decades Tourism is the fastest growing sector globally and provided over 40 million livelihood across the globe. He further added that tourism has the potential to provide over 1000 employment per day and tourism sector can become one of the largest job providers if developed properly.

Mr. Apurv Kumar, Managing Director, Clarks Group of Hotels, shared that Tourism is contributing 10% to the GDP and employment in the tourism sector has grown at 2% annually. He also mentioned that today we have the fastest growing Tourism economy in G20 nations.

Mr. Mandeep Lamba, Managing Director, JLL India, in his address spoke how new innovations are happening in the tourism industry and the huge potential that India has in the tourism sector. He further added that 35 to 40% return is the bottom line if investments are done suitably in the sector.

Mr. Rahul Pandit, Managing Director and CEO, Ginger Hotels, speaking on the occasion expressed that travel is the biological need of humans, and tourism destination should be treated at par with natural resources. He also said that we are the youngest major economy in the world and travel and hospitality sector has the potential to drive the Indian economy. He also remarked that Tourism should be taught as part of education for it to grow and to increase awareness amongst youngsters.

Bonita India Recognized as One of India’s Most Promising Startups at the CII India Innovation Initiative Awards

India’s fast growing home utility maker is silently revolutionizing the urban homes not just in India but in many other countries across the globe

Indian home utility manufacturer Bonita India has been awarded as one of the top 10 promising startups in recent years by the CII India Innovation Initiative Award for revolutionizing the home utility market with its highly innovative products.

Within a decade of its inception, Bonita India has not just made a mark across India but has also established its strong foothold in 20 countries including USA, Germany, Italy, France, Spain. The brand also won the coveted Finalist Award for Innovation from International Housewares Association at the Chicago Housewares Show. It also holds several patents for its innovative products.

While receiving the CII India Innovation Initiative Award, Mr. Umang Srivastava, Joint Managing Director, Bonita India said other than having a revolutionary idea, starting a successful venture requires massive efforts on multiple fronts including management, logistics, and execution as well as hiring resourceful people.

“Having worked for over a decade in large companies, there are a lot of things that one takes for granted. However, once you start your own venture, you need to do everything yourself. The shift from being an employee to being a business owner is like moving from one side of the table to the other side. Once I started our own venture Bonita, I also started appreciating the hard work and efforts of all those entrepreneurs who have taken the decision to start something on their own,” he said.

“The idea of Bonita stems from the desire to change the way urban Indian homes are set up. We noticed a glaring lack of innovative and aesthetically appealing home utility products in the Indian market, and this observation led to the start of Bonita,” he added.

With changing times and shrinking spaces, the lifestyles of urban Indian homes are changing. Today people demand home utilities to be trendy, lightweight and convenient to use. The age of heavy, cumbersome products that need humongous space to be stored and 2-3 people to carry them around is over. Bonita has realized that urban Indian consumer’s demands for home utility products has changed radically with the change in lifestyles and shrinking of spaces.

Bonita India wanted to change the home lifestyle through its stylish and innovative home utility products. All the products are ideal choice for households which are trendy and unique in their own way. The products are made as an intrinsic part of many families and homes across the country and are available in Shoppers Stop, Home Town, Hypercity, etc.