Hotel industry not matching India's growth

India "immediately needs another 100,000 rooms" -- more than double the current amount -- said Lalit Suri, the chairman and managing director of India's Bharat Hotels. He estimated that would require investment of up to $17.4 billion.

What India is going to get will fall short of that.

A total of 300 hotel projects have been approved by the government and are in varying stages of development, said Amitabh Kant, a Tourism Ministry official. Most are likely to be completed in the next three years and should increase capacity by about 75,000 rooms, he said.

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