MUMBAI: Infrastructure projects in the pipeline will help boost tourism and create opportunities for MSMEs, said EU Minister for MSMEs and Roads, Transport and Highways Nitin Gadkari.

“The infrastructure projects envisaged as part of the central government’s plans have laid the foundation for ‘AatmaNirbhar Bharat’ and will also boost domestic tourism in the country. Innovation is key to revitalizing the travel and hospitality industries, and FICCI, OYO Hotels and Homes IATO should use government programs to come together and support MSMEs, “Gadkari was quoted as saying in a statement.

The statement, based on a webinar held on Monday, was released by FICCI on Tuesday.

The minister said government initiatives such as collateral free auto loans for businesses, including MSMEs, and Rs 50,000 crore equity infusion through the MSME Fund of Funds, which benefit companies with higher credit ratings, will create tremendous business opportunities.

“The domestic tourist destinations including hills, forests and religious pilgrimages will benefit from upcoming projects such as Char Dham Road, New Delhi-Dehradun Expressway, 22 Green Express Highways and others. There is great potential for small hotel partners, agents to take advantage of this and expand their offer to meet the needs of tourists, “he added.