India and Bulgaria joined hands to Cooperate in Tourism Sector

                                       India and Bulgaria has decided to join hands in order to explore the growing opportunities of mutual cooperation in the sector of Tourism, which is considered to be one of the most important sectors of the country. The possibility of this highly rated mutual cooperation possibility was decided few days back at a official meeting, which was held between the Tourism Minister of Bulgaria Mr. Delian Dobrev and Union Tourism Minister of India Mr. Subodh Kant Sahai.

                                       A few ideas were discussed at the said meeting and after the meeting both the countries decided to start this mutual exploration. They will first identify the areas where they can be able to work together. New possibilities will be explored in highly fragile Tourism Sector, especially in the field of Hospitality Training, Marketing, Promotion, Development and Management of various Tourist Destinations. That’s not all both the parties also gave an overall idea of the “Tourism Sector” in their respective countries. They also did not forget to re-emphasis on the potential criteria of this mutual cooperation for economic growth and employment generation.

                                     Both the countries has agreed on the fact that if they could be able to increase the tourist traffic between the two countries, it would lead to tighten the bilateral relations at people to people level, which will be a great beneficiary outcome for both the countries for sure. Both sides also discussed on the rising possibilities of promoting investment in the field of hotel industry tourism and infrastructural development. They will explore many things together in order to develop their respected countries.

                                     Tourism Sector is a key factor to boost up the economic growth of a country. It will also help to show case an image of the country to the rest of the world. So in order to develop a country one should develop its Tourism sector on first basis. India and Bulgaria both have understood this fact and they have started taking initiative to that. Now time will tell us whether these plans will be able to emerge as the reality or not.

                                     It has to be mentioned here that India allows 100% Foreign Direct Investment (FDI) in Hotel Sector on automated basis, which is quite good in deed. So many countries are already showing their keen interest in order to invest in this sector, which is highly fragile as per the various top level economists.