TOURISM FINANCE CORPORATION OF INDIA
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TOURISM FINANCE CORPORATION OF INDIA
Submitted by: Nikhlesh Matnani Section B Roll no - 10
The TFCI was set up on 1 February 1989 as public limited company under the companies act by the IFCI and banks It had paid up capital of Rs.50 crore It is specialized all India development financing institutions, which provide assistance in the form of rupee loans, underwriting and subscription to industrial securities Other form of assistance is foreign loans , guarantees, supplier credit
The assistance provided will be used for the development of tourism and tourism related activities, facilities and services It includes travel agents, highway facilities, car rental services, airport facilities, restaurants and holidays resorts TFCI provides advisory and merchant banking services in this field It is to co-ordinate activities and formulate guidelines relating to finance tourism projects
Centre of Excellence for Tourism and Hospitality (CETH)
Catalyse and channelize investments into various segments of the tourism industry and across various locations in a need based manner Take steps to promote the tourism industry within the overall framework of the Govt. of India policy
The Travel and Tourism industry holds remarkable potential for the Indian economy. Today, tourism is the largest service industry in India, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in the country India witnessed more than 5 million annual foreign tourist arrivals and 650 million domestic tourism visits during 2009. The tourism industry in India generated foreign exchange earning of US $11.39 billion in 2009 and is expected to increase further during coming years. According to World Travel and Tourism Council, India will be a tourism hot-spot from 20092018 having the highest 10 year growth potential. The Travel and Tourism Competitiveness Report 2007 ranked tourism in India 6th in terms of price competitiveness and placed her 39th in terms of safety and security.
The tourism industry requires a substantial investment and improvements in the infrastructure at all levels whether in cities or country as a whole. The connectivity and quick facilitation from the airports, railway stations and city centres to Central Business Districts (CBDs) is the most critical factors as far as international tourists arrivals are concerned. This means that we must have an all-inclusive infrastructure development plan in place connecting hotels to destinations/ and attractions with reliable and better transport facility, ensuring safety and security, being managed by trained tourist police and volunteers.
Shortage of trained human capital Inadequate room-supply in big and small cities Poor connectivity from cities to tourists attractions Health and hygiene issues The internal security, social and political unrest and spread of diseases
Corporate Governance Policies
Company believes that sound Corporate Governance is significant to enhance and retain investors trust. Consequently, your company always seeks to attain its predominant objectives with integrity. Your company also endeavours to enhance long-term shareholders value and respect their rights in all spheres
Board of DirectorsShri S.K. Mandal Whole Time Director, IFCI Ltd.
Shri R.R.Rai Executive Director, LIC of India
Smt. Archana kapoor Chairman & Managing Director Shri Sanjeev K. Jindal Nominee Director, Ministry of Finance
Shri O.N.Singh Ex-CMD, Allahabad Bank
Financial assistance for setting up and / or development of tourismrelated activities Tourist-flow surveys Facilities and services for tourists Preparation of tourism master plans Planning for amusement / nature park
TFCI has been mobilizing resources through a combination of debt and equity. It made a public issue of equity shares in 1994 Besides the paid up capital of Rs. 67.42 crores and the internal generations, TFCI meets its requirements of funds by way of borrowings viz. private placements of bonds, line of credit from institutions /banks, certificate of deposit etc, at competitive rates with a view to keep the cost of funds at minimum level.
Finance project related to
Hotels Restaurants Holiday Resorts Multiplexes and Entertainment Centers Education and Sports Safari Parks Cultural Centers Convention Halls Transport Travel and Tour Operating Agencies Air Service Sports Facilities et
Forms of financial assistance
Rupee Loan Underwriting of public issues of shares/debentures and direct subscription to such securities Equipment Finance
Assistance under Suppliers' Credit Working-Capital Financing Takeover Financing Advances Against Credit-Card Receivables
Chandigarh Industrial & Tourism Development Corporation (CITCO) Government of Himachal Pradesh Uttar Pradesh State Tourism Development Corporation Ministry Of Environment & Forests, Government Of India Ministry of Tourism, Market Research Division Ministry of Railways Madhya Pradesh State Tourism Development Corporation Ltd UP Government
Bekal Resort Development Corporation Ltd. (Kerala) Government of Tripura Government of Union Territory of Pondicherry Delhi Tourism Transport Development Corporation Rajas than State Mines & Minerals Corporation Limited Corporation of Chennai Tamil nadu Tourism Development Corporation Delhi Development Authority
Project related services
Site evaluation studies Market-potential assessment for tourism projects Techno- economic feasibility studies Loan / Equity syndication services Financial restructuring of project proposals, review and appraisal Project implementation and monitoring services Pre-opening technical and facility planning services
Property evaluation including determination of terms for transfer Other project related services include assistance in finalisation of arrangements franchise tie-ups, selection of design / project / architectural consultants etc
Tourism related services
Undertaking tourism-potential studies and identification of tourism circuits Preparing tourism-development Master Plans for state/ travel circuit / destination Undertaking Tourist-flow surveys to assess destination draws, infrastructure gaps and defining agenda for development Carrying out accommodation and other infrastructure assessment, augmentation improvement studies Undertaking studies for sustainable tourism development, environment impact assessment and determining carrying capacity of tourism activities in wild-life sanctuaries, national parks and other sensitive / critical areas
http://www.tfciltd.com/ www.corporateinformation.com/CompanySnapshot.aspx www.edelweiss.in/.../Tourism-FinanceCorporation-of-India-Ltd.html