Con­cept to com­mis­sion­ing

TFCI has been ac­tive in fi­nanc­ing hos­pi­tal­ity train­ing in­sti­tutes, spas, theme/amuse­ment parks, tourist trains and in­fra­struc­ture sec­tor…

TravTalk - India - - Interview -

TFCI, a spe­cialised fi­nan­cial in­sti­tu­tion in the field of tourism, over its 25 years’ of ex­is­tence, has sanc­tioned fi­nan­cial as­sis­tance to about 700 ho­tel/other tourism-re­lated projects in the coun­try re­sult­ing in catalysing in­vest­ments to the tune of Rs 24,581 crore in the tourism sec­tor.

Re­gard­ing the USP of the com­pany, SK San­gar, Man­ag­ing Direc­tor, TFCI said, “TFCI, be­sides pro­vid­ing em­ploy­ment to about 83,749 the fact that ho­tel are long ges­ta­tion projects).” TFCI also of­fers project/tourism-re­lated ser­vices right from the ‘Con­cept’ to ‘Com­mis­sion­ing’, he added.

Talk­ing about new tourism-re­lated projects the com­pany fi­nanced last year, he replied, “TFCI, be­sides the ac­com­mo­da­tion sec­tor, has been ac­tive in fi­nanc­ing restau­rants, hos­pi­tal­ity train­ing in­sti­tute, spas, theme/amuse­ment parks, etc. Some of the new projects fi­nanced by our com­pany last year in­clude restau­rants, re­sorts, ho­tels, etc.” core ar­eas. Firstly, green­field projects prefer­ably three-star and bud­get in Tier- I and- II cities. Se­condly, re­sort fi­nanc­ing with op­er­at­ing ar­range­ments and cap­tive clients for ren­o­va­tion/ re­fur­bish­ing, ex­ten­sion /ex­pan­sion. Thirdly, takeover of con­struc­tion of risk-free as­sets.

Gov­ern­ment mea­sures like ex­ten­sion of tourist visa on ar­rival (VoA), elec­tronic travel autho­ri­sa­tion (ETA),etc are all likely to drive the in­dus­try in 2015 lead­ing to in­crease in FTAs, the MD opined.

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