The travel industry in India is booming. As a result, many would-be entrepreneurs are realizing that starting a travel agency of their own offers the best chance of profitability in this highly lucrative industry. Starting a travel agency in India is not complicated; however, by following a certain number of steps you will ensure that your business venture will take off without any major problems. By abiding by India's local laws and customs, as well as finding a profitable niche, will ensure that your new business idea will be a successful one.
Instructions
- 1
Conduct a comprehensive market research project before embarking on any new business ventures. The market for tourism in India is very competitive, and therefore finding an undeveloped niche is crucial for any viable business start-up. The services of a market research firm or the American Chamber of Commerce in India can help you with this.
2Establish your travel agency in India as a private company. Private companies require a registered capital of at least 1,000,000 Rs (about $21,000 U.S. dollars) and may be formed from an existing business or created from scratch. An application for new company registration is filed with the Registrar of Companies in the state in which you wish to establish your business.
3Register your business with the International Air Transport Association (IATA). A business accredited by IATA allows an agency to sell international airline tickets without the need to buy tickets wholesale. A travel agent's license is not required in India.
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