The Indian hotel industry needs at least 7,200 billion rupees (about 13.09 billion U.S. dollars) investment in the next four to five years to build another 180,000 rooms across 1 to 5-star categories, an industry sources said Thursday.

The country currently has 120,000 star-category rooms.

"We need to focus more on developing products across our east and west coasts," said Vivek Nair, former president and Executive Committee member of the South India Hotels and Restaurants Association.

According to him, India does not have enough hotels or resorts on beach fronts. Usually, tourists from Russia and other oil-rich countries in that belt travel to Egypt. But, considering the current political and social atmosphere in Egypt, tourists are advised not to visit that country. And they are now looking to countries such as India and Indonesia.

"India stands a better chance, but unfortunately it does not have enough tourism products to offer them," he said.

The Indian government has budgeted 350 billion rupees (about 6. 36 billion U.S. dollars) for the tourism sector, hoping to bring its annual foreign tourist inflow to 12.4 million in the next couple of years.