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About MICE/Resorts Sub-Sector

Elevating Experiences: India's MICE/Resorts Sector Beckons Global Investors.
India is primed to carve its niche in the global MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism market. With an ambitious aim to capture 2% of the world market share, India anticipates a remarkable annual growth rate of 16% in this sector. Recently, India has emerged as a top-tier MICE destination, seamlessly blending world-class accommodations with an array of conference support amenities. As part of this endeavor, a new sub-brand, "Meet in India," will be launched under the Incredible India initiative to spotlight India's potential as the ultimate MICE destination. With the Indian MICE industry valuing at USD 6.9 billion, predominantly fueled by Meetings, Incentives, and Conferences (60%), and an additional 22% contributed by international MICE events, investment opportunities in India's MICE/Resorts sector are poised for substantial growth.

MICE/Resorts Snapshot

  • 74 Opportunities
  • USD 1.59 bn Worth

Mode of Implementation

  • 38 PPP
  • 21 EPC
  • 12 To Be Finalized
  • 1 Pure Private
Top performing states
MICE/Resorts | Requirement

Top Promoters

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Policies
  • Guidelines for Approval of Online Travel Aggregators (OTAs)

    The aims and objectives of the scheme for Approval of Online Travel Aggregators (OTAs) are to encourage quality standards and services in this category so as to promote tourism in India and abroad. This is a voluntary scheme open to bonafide online travel aggregators to bring them on a common platform in the organized sector.

  • Swadesh Darshan scheme

    Mission is to develop theme based tourist circuits on the principles of high tourist value, competitiveness and sustainability in an integrated manner by synnergizing efforts to focus on needs and concerns of all stakeholders to enrich tourist experience and enhance employment opportunities.

  • PRASAD-Pilgrimage Rejuvenation And Spiritual Augmentation Drive

    Mission is to identify and develop pilgrimage tourist destinations on the principles of high tourist visits, competitiveness and sustainability in an integrated manner by synnergizing efforts to focus on needs and concerns of all stakeholders to enrich religious/ spiritual tourist experience and enhance employment opportunities

  • National Tourism Policy

    Objective of the policy is positioning tourism as a major engine of economic growth and to harness its direct and multiplier effects for employment and poverty eradication in an environmentally sustainable manner.

  • National Heritage City Development and Augmentation Yojana Drive

    The Scheme aims to preserve and revitalise soul of the heritage city to reflect the city?s unique character by encouraging aesthetically appealing, accessible, informative & secured environment. The Scheme supports development of core heritage infrastructure projects which shall include revitalization of urban infrastructure for areas around heritage assets identified / approved by the Ministry of Culture, Government of India and State Governments.

  • Constitution of National Medical & Wellness Tourism Board

    To tap the potential and advantages that India has in the field of medical and wellness tourism.