The government wants to attract $100 billion foreign direct investment in tourism sector and generate up to 100 million jobs over the next five years.“Tourism industry has a multiplier effect on the economy…We have held discussions with CEOs of leading tourism companies to address all issues facing the sector,” tourism minister K Alphons said on Monday after the Tourism CEO Conclave. The conclave is a part of the ‘Paryatan Parv’ initiative from October 5-25.The tourism ministry will also take up the demand of hotel industry for rationalisation of the GST rate to 4-5% for five star hotels.Besides, the government is also looking into demand of the industry to have a national tourism authority which will act as a regulatory body and prescribe standards for home stays, bed and breakfast accommodations, among others.The authority will also create guidelines as well as best practices for 15-20 identified sub-sectors of niche tourism.The government wants to reach 40 million foreign tourist arrivals in next five years from the current level of 14 million.The tourism ministry has also formed a working group with representatives from the Department of Industrial Policy and Promotion, Invest India, tourism ministry and industry to discuss the issues facing the sector and make recommendations.