India and Brunei are exploring joint venture investments in the hotel industry.
Brunei is also considering investing in India’s hotel sector which is now open for 100% FDI. The Minister of Industry and Primary Resources of Brunei, Pehin Dato Yahya and India’s Toursim Minister Subodh Kant Sahai held a meeting in New Delhi yesterday.
Both the countries have decided that tour operators and travel agents may cooperate and explore the possibility for promoting package tours in either of the countries. The countries will also exchange information and know-how for development of tourism in their respective countries. India also offered to sponsor a visit by a team of tour operators and travel media from Brunei to India on a familiarization tour under the Ministry of Tourism’s hospitality scheme.
In his welcome address, Sahai said, “India and Brunei have enjoyed traditionally close and cordial bilateral relations sustained through regular high level political contacts.” While Yahya in his address, appreciated the friendly relations between the two countries and emphasised upon the importance of pursuing a closer relationship based on the emerging potential in the tourism sector.