Opportunities
Applicable laws/regulatory policies.

Introduction

Hotel Industry in India is witnessing tremendous boom in recent years and going through an interesting phase. One of the major reasons for the increase in demand for hotel rooms in the country is the boom in the overall Economy and high growth in sectors like information technology, telecom, retail and real estate. Rising stock market and new business opportunities are also attracting hordes of foreign investors and international corporate travelers to look for business opportunities in the country particularly growth in tourism sector. As hotel industry is inextricably linked to the tourism industry and the growth in the Indian tourism industry has fuelled the growth of Indian hotel industry.

Explosive economic growth in India ignites unquenchable demand for hotel rooms. With huge investments flowing into India for the development of infrastructure such as roads, highways, airports and convention centers, interest in hotel developments is hitting new highs as tourism, business and travel are on the rise.

The booming tourism industry has had a cascading effect on the hospitality sector with an increase in the occupancy ratios and average room rates. And with the continuing surge in demand, many global hospitality majors have evinced a keen interest in the Indian hospitality sector. It is estimated that India is likely to have around 40 international hotel brands by 2011.

Opportunities

The spurt in Indias tourism industry growth has had a ripple effect on its hospitality sector. Rising income levels and spending power combined with the governments open sky policy have provided a major thrust. The industry is growing at a very rapid pace and there is a demand for more rooms both in metros and smaller towns. It is estimated that India is likely to have around 40 international hotel brands by 2011.

Indias booming hospitality industry has transformed into a veritable basket of the choicest of rooms, food and beverage, health and business facilities, travel packages and everything that you can think of. New global entrants are vying with existing local players to provide world-class services at prices suited to every pocket.

An estimated 4.4 million tourists are expected to visit India with an annual average growth rate of 12% in the next few years. The domestic tourist market is also flourishing. The commonwealth games in 2010 will add to the demand for quality accommodation.

The Government of Indias Incredible India destination campaign and the Atithi Devo Bhavah campaign have also helped the growth of domestic and international tourism and consequently the hotel industry.

The opening up of the aviation industry in India has exciting opportunities for hotel industry as it relies on airlines to transport 80% of international arrivals. The government’s decision to substantially upgrade 28 regional airports in smaller towns and privatization & expansion of Delhi and Mumbai airport will improve the business prospects of hotel industry in India. And the upgrading of national highways connecting various parts of India has opened new avenues for the development of budget hotels in India. Taking advantage of this opportunity Tata group and another hotel chain called ‘Homotel’ have entered this business segment.

If you want to read article go to second part of this – Information of hotel industry laws in india – part2.

India being a peninsular country has a far-stretching coastline. It is surrounded by water on the east, west, and south coasts. As a result there is abundant fishing in India. The fisheries industry in India is huge. With its vast coastline, India is the fourth-largest producer of fish in the world. This is mainly because nearly 10 million people residing in more than 4,000 coastal regions are engaged in fishery activity. These people are mainly dependent on fisheries to earn a living.

India holds great potential for both inland and marine fishing. It has huge reservoirs for fishing. The fisheries industry heavily contributes to the Gross Domestic Product of India. The fisheries industry is responsible for filling the Indian exchequer with about $70 million per annum. Massive production and export has made the fisheries sector an essential part of the Indian economy.

Though the fishing industry in India contributes heavily to the GDP and is a valuable source of earning foreign currency for the country, it still has a huge potential for export. Out of the total area available for fisheries, a significant amount of area is left unutilized.

In the recent past, the fisheries industry has been growing considerably on a consistent basis. It has also caught the attention of foreign investors. Several foreign investors are now investing in the fisheries industry in India for its potential to offer them immense returns. Another reason for the foreign investors to invest in the industry is the easy availability of infrastructure facilities. The liberalized policy of the government is another vital factor for the fisheries industry to attract new foreign investments in India.

Both the central government of India and the state governments have undertaken initiatives and announced several policies to boost the growth of the fisheries industry in India.

The Department of Animal Husbandry, Dairying, and Fisheries is the main authoritative body for development of the fisheries industry in India. This government body has been responsible for implementing infrastructure development programs and welfare-oriented schemes. It is also responsible for formulating appropriate programs to increase the productivity in the fisheries sector. Furthermore, the Ministry of Food Processing Industries is another agency that is responsible for the overall growth of the fisheries industry.

Though the central ministry takes active initiatives to boost the fisheries industry, it is mainly governed by the state governments. Each state has its own set of policies to attract new investments in the fisheries industry of the state.

Some of the most prominent states and union territories that promise huge potentials for investments include:

Goa: The state has a coastline of about 100 km and is rich in marine wealth. Fisheries are the main economic activity of the state. The fishing activity has given a big boost to the canning, freezing, and fish processing industries in the state. These industries offer great investment opportunities.

Kerala: The government of Kerala gives top priority to the fisheries sector. The sector contributes the most to the state governments revenue and brings in foreign exchange. The government is keen to develop this industry further. There are huge investment opportunities for investors in terms of providing technological assistance to the local fishermen, providing storage facilities, fish packaging, and so on.

Apart from these two states, prominent other states and union territories, such as Assam, Orissa, the Andaman and Nicobar Islands, and Lakshadweep also promise great investment opportunities in the fisheries industry.

Emerging trends in the Events Industry

In the past, the event planning industry was used only by the elite. Today, it is being increasingly seen as a way of eliminating headaches and hassles normally associated with events, corporate as well as private ones. According to a recent research the event planning industry is expected to grow by 20 percent from 2006 to 2016. It is no wonder that social media like Facebook and Twitter is being integrated into weddings and corporate events.

Real time updates with Social networks

The massive boom in the events planning industry can be attributed to built-in event tools of social networks. These tools are being used by wedding/corporate event planners to advertise and market their services and also give real-time updates to their followers. Social media has helped the Events planning industry cut down the cost of advertisements and has resulted in the rise in their popularity and profit.

Social media like Linked In, Facebook and Twitter has also increased the face to face interaction taking place during corporate events. The fact that attendees Tweet before the event means that they learn more about the number of people attending, and more importantly, who is attending the event. This has helped promote a wider homogenous interest in the events and target particular crowds.

Location based social media websites

Many corporate events planners are also tying up with Foursquare and other similar location based social media websites to create badges to promote events. These websites are also being used to offer tips to the attendees recommending the important parts of the event, including drink or food items they should not miss! The goal of integrating social media with events in such a manner is to engage potential customers into conversation even before the event takes place.

On the other hand, corporate events at companies like Apple are extremely hush-hush. Organizers and Event planners use Twitter lists to ensure that people attending the conference are not tweeting anything that violates the companys confidentiality policies.

Social media and the big fat wedding

Social media like Facebook and Twitter is increasingly being used to organize, plan and promote weddings: be it a small wedding or large one with over thousand guests. Irrespective of the number of attendees, a wedding planner can benefit largely due to social media. For one, it can promote as well as advertise the services of the planners and secondly the planner gets access to a larger number of resources. Wedding planners get an idea about the popular choice in wedding venues, cake bakers, DJs etc and need not even leave his/her office for this purpose. Today, a Wedding planner can literally sit in Melbourne and yet plan a wedding in Perth, thanks to such social networking!

Couples often announce their weddings on Facebook and get a list of people/RSVPs who are attending the wedding. This saves the costs on printing wedding invites and RSVP cards.

As can be seen, wedding and corporate events planners are increasingly using Twitter, Facebook and other such sites to give, receive and spread information about upcoming events.

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The textile industry is one of the most important sectors of Pakistan. It contributes significantly to the country’s GDP, exports as well as employment. It is, in fact, the backbone of the Pakistani economy.

-Established Capacity

The textile industry of Pakistan has a total established spinning capacity of 1550 million kilograms of yarn, weaving capacity of 4368 million square meters of fabric and finishing capacity of 4000 million square meters. The textile industry has a production capacity of 670 million units of garments, 400 million units of knitwear and 53 million kilograms of towels. The textile industry has a total of 1221 units engaged in ginning and 442 units engaged in spinning. There are around 124 large units that undertake weaving and 425 small units. There are around 20600 power looms in operation in the textile industry. The textile industry also houses around 10 large finishing units and 625 small units. Pakistan’s textile industry has about 50 large and 2500 small garment manufacturing units. Moreover, it also houses around 600 knitwear-producing units and 400 towel-producing units.

-Contribution to Exports

According to recent figures, the Pakistan textile industry contributes more than 60% to the country’s total exports, which amounts to around 5.2 billion US dollars. The textile industry contributes around 46% to the total output produced in the country. In Asia, Pakistan is the 8th largest exporter of textile products.

-Contribution to GDP and Employment

The contribution of the textile industry to the total GDP is 8.5%. It provides employment to 38% of the work force in the country, which amounts to a figure of 15 million. However, the proportion of skilled labor is very less as compared to that of unskilled labor.

-Organizations in the Textile Industry

All Pakistan Textile Mills Association is the chief organization that determines the rules and regulations in the Pakistan textile industry.

-Opportunities Available

According to world industrial market research, the world demand for textiles is rising at around 2.5%, due to which there is a greater opportunity for rise in exports from Pakistan.

-An Introduction to Pakistan

Pakistan extends along either side of the historic Indus River, following its course from the mountain valleys of the Himalayas down to the Arabian Sea. Bordering on India, China, Afghanistan and Iran, it is strategically located astride the ancient trade routes between Asia and Europe. Pakistan’s 796,095 square kilometers of territory include a wide variety of landscapes, from arid deserts to lush, green valleys to stark mountain peaks.

-Organizations in the Textile Industry

All Pakistan Textile Mills Association is the chief organization that determines the rules and regulations in the Pakistan textile industry.

-Opportunities Available

According to world industrial market research, the world demand for textiles is rising at around 2.5%, due to which there is a greater opportunity for rise in exports from Pakistan.

-An Introduction to Pakistan

Pakistan extends along either side of the historic Indus River, following its course from the mountain valleys of the Himalayas down to the Arabian Sea. Bordering on India, China, Afghanistan and Iran, it is strategically located astride the ancient trade routes between Asia and Europe. Pakistan’s 796,095 square kilometers of territory include a wide variety of landscapes, from arid deserts to lush, green valleys to stark mountain peaks.