Budget 2024: Port connectivity and tourism infrastructure in Indian islands including Lakshadweep will be strengthened, FM says

In response to the rising domestic tourism boom, Finance Minister Nirmala Sitharaman on Thursday said port connectivity, tourism infrastructure and facilities will be developed in our islands including Lakshadweep Facility projects.

This will also help create jobs, the Finance Minister said in the 2024 mid-term budget speech.

“States will be encouraged to comprehensively develop iconic tourism centers for branding and marketing globally. A framework will be established to rate centers on the basis of quality of facilities and services. Long-term interest-free loans will be provided to states for such development Matching funds,” she added.

The finance minister also said that the successful organization of G20 meetings in 60 locations showcased India’s diversity to the global audience.our economy

Strengths make the country an attractive destination for business and conference tourism. “Our middle class is also now eager to travel and explore. Tourism, including spiritual tourism, offers huge opportunities for local entrepreneurship.”

Tejinder Gupta, partner and leader (tourism and hospitality) at Grant Thornton Bharat, said: “There is ample opportunity in the tourism industry, including spiritual tourism, to promote entrepreneurship. States will get long-term funding to fund tourism, which will attract local and the influx of foreign tourists.”

Promoting spiritual tourism and domestic tourism is India’s way of building soft power by enhancing the Indianness of the Indian diaspora across the world, he added. This is a great way to build diplomatic power in a multipolar world.

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Justin, a prolific blog writer and tech aficionado, holds a Bachelor's degree in Computer Science. Armed with a deep understanding of the digital realm, Justin's journey unfolds through the lens of technology and creative expression.With a B.Tech in Computer Science, Justin navigates the ever-evolving landscape of coding languages and emerging technologies. His blogs seamlessly blend the technical intricacies of the digital world with a touch of creativity, offering readers a unique and insightful perspective.

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