According to the data from the Department of Industrial Policy and Promotion (DIPP), the hospitality industry had received USD 3.25 billion in 2012-13, second only to the services sector in getting foreign direct investment (FDI).

The FDI in the hotel and tourism sector in April compares with USD 6.63 billion received during the 13 years ended March 2013, according to the DIPP, an arm of the Commerce and Industry Ministry. Foreign inflows in the sector did not figure in the DIPP's list of top 10 recipients of FDI prior to September 2012.

"Opportunities are increasing in Indian hotel and tourism. 100 percent FDI is allowed in the sector and further opening up of civil aviation sector for foreign airlines would help in attracting foreign players," a DIPP official said.

(Agencies)               

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