Tourism looks towards India

Monaco is seeking investments from Indian entrepreneurs to set up hotels to boost its growth in tourism sector.

“We are open for investment from Indian players to set up 3-star hotels for our booming tourist destination,” Monaco Tourist and Convention head, Mr Guillaume Rose, told The Times of India in Mumbai.

“We are also looking at growth in IT, green industries and telecom sectors with partnership from leading IT companies from India,” he said. Monaco has registered a strong growth in banking, finance, real estate and tourism sectors over the past few years, Rose added.

Monaco hosts over 700 international level events around the year and earlier this year partnered with Fashion Designer Sanjay Garg’s Show at Lakme Fashion Week.

The Principality is also seeking to attract Indians to hold weddings in the country. To this end Monaco Tourism partnered with India’s first-ever wedding destination show, Indian Wedding Travel Mart in July as one of the lead country partners.