Indian government is going to invest over ₹45,000 crore in India’s river cruise tourism industry. This will be a big initiative to boost and encourage the companies in river cruise tourism. Currently, numerous stock market-listed companies are working in this industry. The stocks will benefit from this massive initiative. Now the Indian government is encouraging people to visit Indian tourist places instead of outside India. The stocks we should consider amid this boost in the tourism industry are here. These cruise tourism stocks will benefit from a huge surge in the share price in the upcoming months. Here are the best river cruise tourism stocks In India you can consider for investing.
Best River Cruise Tourism Stocks In India 2024 After ₹45000 Cr Investment by Indian Govt
The Indian government is investing ₹45000 crore in cruise tourism in India. The amount of ₹35,000 crore will be invested for cruise vessels and the remaining ₹10,000 crore will be in cruise terminal infrastructure by 2047. The ongoing planning is primarily to boost river cruise tourism under Maritime Amrit Kaal Vision 2047. Now let’s move towards the best river cruise tourism stocks in India. The stocks available may get the benefit, but we recommend you do your own analyses of these stocks before making any investment decision.
- Ease My Trip
- IRCTC
- Thomas Cook (India)
- Indian Hotels Company Limited (IHCL)
- MakeMyTrip
- Cochin Shipyard
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Under this initiative by the government, shipping and ports minister Sarbananda Sonowal launched the ‘Harit Nauka’ guidelines and ‘River Cruise Tourism Roadmap, 2047. This initiative will increase the waterways number from 8 to 26. Also, the number of river cruise terminals will be increased from 15 to 185. Along with this, it was noticeable that the Indian government is promoting tourism in India to boost foreign reserves and jobs in the tourism industry. PM Narendra Modi also visited Lakshadweep and this was another big headline that brought the Lakshadweep in the headlines.