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Tourism sector has huge employment potential for women: Rawal

Monday, November 05, 2018
By A Business Reporter

“Tourism Sector has huge employment potential for women” said Jaykumar Rawal, Minister of Tourism, Employment Guarantee Scheme, Government of Maharashtra at World Trade Expo 2018 organised by World Trade Centre Mumbai and All India Association of Industries (AIAI). Addressing the gathering of audience comprising of Consulates, Senior Government Officials from prominent states of India, Rawal said that the Tourism sector has been a significant business contributor in the economic spectrum and has been experiencing continuous expansion and diversification. It is the fastest growing sector in the world. He further said that “we are more connected to the world today than ever before. The impact of digital revolution has snow-balled exponentially into wider corners of world. This year, the digital revolution and innovation has taken centre stage for continued growth in conjunction with greater sustainability in tourism.

In his welcome address, Vijay Kalantri, President, All India Association of Industries and Vice Chairman, MVIRDC World Trade Centre Mumbai said that “India has one of the highest cost of cargo transport in the world. The final cost of this is borne by the consumer which reduces the overall growth of the economy. Therefore, Kalantri suggested government officials to relax inspection and audit norms for long standing businessmen and traders. Instead of tightening rules and regulations in response to stray instances of misconduct by some businessmen, the government must relax procedures for the majority of businessmen, who are honest.”

Kalantri suggested Government of Maharashtra to come out with notification for all the new policy announcements on the same day for the industry to benefit. He also proposed the state government to revive Maharashtra State Financial Corporation (MSFC).

Speaking on this occasion, Amb. Manoj K. Bharti, Additional Secretary (ED and States), Ministry of External Affairs, Government of India said, “The rise of India is the one of the most significant economic stories of our time. India has the global advantage on three major aspects: Democracy, Demography and Demand. The long-term growth prospect of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India’s cost-competitive and highly efficient and advanced manufacturing sector has attracted international companies to set up research and development labs as well as production and service infrastructure for the global market. These measures will help India realize its goal to attain a US$7 trillion economy by 2030 from the current US$2.4 trillion.”

“India’s share in world trade is hardly 2.15%, which is far less than its contribution of 3.21% to world GDP. India has signed multiple trade agreements with some countries. These complex agreements make it difficult for Indian exporters to understand the duty benefits, concessions and eligibility conditions to avail these benefits.” said Dr. Rajan Sudesh Ratna, Economic Affairs Officer, Trade, Investment and Innovation Division, UNESCAP.

In the open house session, eminent authorities - Sambhaji Chavan, Senior Deputy Directorate General of Foreign Trade, Mumbai; Ramesh Chander, Commissioner – Customs, Mumbai; Rajat Srivastava, Director & Regional Head, EEPC INDIA, Western Region addressed various issues pertaining to exports and exporters.

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