NDIM to organise seminar on 'New avenues on Hospitality and Tourism Industry'

New Delhi - December 20, 2009: NDIM is organising a seminar for the students to get the sight in hospitality in Delhi. Tourism has been the fastest growing industry in the world for the past 50 years, and today it is the world's largest industry relating to employment, foreign exchange earnings and overall economic development of several countries. It is India's third largest export industry after Readymade Garments and Gems &Jewelry (Min. of Tourism, GOI). The benefits this industry offers to the nation are multi – dimensional as; economic growth, employment generation, poverty alleviation, facilitation of international understanding and building of broader cultural horizons. It also holds the key for creation of rural wealth and opportunities for the hitherto neglected segments of society, artisans and service providers in the backward areas. As per WTTC this sector employs 212 million people worldwide, generates $3.4 trillion in gross output and contributes $655 billion towards government tax revenues. It accounts for 10.7% of the global work force and provides 1 in every 9 jobs. The global travel and tourism activity is expected to increase by 4.7% between 2007 and 2016. The hospitality sector is expected to rise to US$ 275 billion in the next 10 years. The domestic hospitality sector is expected to see investments of over US$ 11 billion in the next two years within 40 international hotel brands making their presence in the country in the next few years.

But, the tourism and hospitality industry, as compared to other industries is more prone to fluctuations in the economy because of various issues like terrorism, relationships between the countries, seasons / climate, conditions of the market etc. Also, hospitality and tourism organizations are confronting numerous challenges today.

NDIM which has emerged as one of the premier Business Schools in the country. Set up in 1996, with a very humble beginning, it has come a long way since inception and strengthened itself by introducing new specialisation areas and adopting innovative pedagogic approach, so that the students not only become good managers but also develop leadership skills. The Institute is led by Mr. Ankur Bansal (Director General) C.A., MBA (Carnegie Mellon University, USA) to assist the growth and quality and quality improvement of the Institute Mr. Bansal have rich corporate experience of working with the Global tax and business advisory of Anderson, India; Ernst & Young, India in the same profile, he had also worked with multiple domestic and foreign clients on issues relating to inbound investment planning, transfer pricing legislations, regulatory compliances, market entry strategies, tax compliance and legal proceedings.

NDIM is a unit of a National Level NGO, a registered & charitable "Society for Employment and Career Counselling", established to promote excellence in management education, research, and managerial training. The Society receives Government grants from the Centre and the State for promoting the cause of education.

The Seminar is an attempt to get new insight about Hospitality and Tourism Industry for the benefit of the students so as they can successfully explore career opportunities in the area and can prepare them selves as per to the requirements of the industry. The seminar can also be a platform for the Industry people to join their hands together for analyzing the related problems, searching for new opportunities and generating new ideas for effective and efficient functioning of their business. Academicians can also learn the practicality of the industry and can integrate the knowledge in their lectures to make them more fruitful for the students. As an organizer we are sure that apart from the benefits which we are thinking of when the experts are going to join the platform together numerous advantages will be coming out as a result.

Source : Equity Bulls

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