| India
Notes
India is fast
changing, and the pace of change is picking up. There is
vibrancy in all sectors of economy; be it industry or
services. Tensions within the neighborhood have also eased to
a large extent.
New initiatives
in policies, both economic and social, have resulted in larger
private sector investments from both domestic and
international players. The year 2004 is recording
unprecedented growth in many sectors, like civil aviation and
tourism.
Increased
competition in domestic skies led to a price war, which,
instead of hurting the bottom lines, brought in tremendous
growth in traffic, logging as much as 50,000 passengers in a
single day, a record of sorts. Moreover, on many sectors
frequency of service has increased manifold. Foreign routes
have also been opened up for private domestic carriers. More
such initiatives are in the anvil. Major airports are now
under the scanner, with enlargement of services and privatization
of facilities. In the first phase, airports at
Delhi and Mumbai are being considered. The government has also
proposed to upgrade 15 other airports in smaller cities. At
least two new domestic airlines are billed to commence
operations in early 2005. Railways, too, facing stiff
competition from airlines is looking at improvements.
Other areas of
infrastructure are also being improved. Roads in most states
are in focus. Mumbai - Pune freeway became a showpiece for
others to emulate. Many national highways are being widened to
4-lane, or even 6-lane, speedways. This has reduced travelling
time and stress on the roads. Again, a highway traveler has
much better options for R&R on the journey, with spacious
parking, hygienic food, clean toilets, and even good shopping
and entertainment.
Traveling in
your own car has become a very attractive option in India.
Buying a car is no longer a tedious process and the choice of
make and model is as good as anywhere else in the world. Then,
there are now a number of agencies, especially in the metros
and larger cities, dealing in used cars on spot cash basis.
However, before using this option it will be best to
familiarize yourself with driving conditions in India and take
proper precautions for safety. It is best to avoid driving
after dark.
Telecommunications
and IT are some other fields where India has taken great
strides. Telephone landline-network has penetrated even the
remotest parts of the country. And mobile communications
system is also available in all states, though the penetration
may be restricted. Internet access, too, is possible even at
many smaller towns and villages!! Therefore, keeping in touch
is no longer a headache.
Tourist
traffic, both inbound and domestic, in 2004 has seen a sharp
upswing, both sectors expecting more than 25% increase. Buoyed
by this growth, hotel industry is attracting larger
investments. Either the existing chains are looking for new
acquisitions to enlarge market share or discovering new
destinations. Additionally, a few more international groups
are planning entry into the Indian market. Accor Asia with its
Ibis brand, Marriott's four-star brand Courtyard, as well as
Shangrila groups Traders and Spanish brand Sol Melia are
eyeing the Indian market. Lemon Tree, which opened last year
in Gurgoan, has plans to open 25 more hotels in the next 7
years.
Tourism
industry has grown beyond the traditional frame of monuments
and temples. The product range has widened from leisure to
adventure, trekking to motorized safaris, business and
seminars to polo and golf, and much much more. Similarly,
accommodation choices vary from luxury resorts of Goa to
ketuvallams on the backwaters of Kerala.
Many states,
which had tourism as a minor economic activity, have changed
priorities and are looking to attract visitors and investment
in the sector.
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