Andhra beckons international investors with 1,279 acres of virgin land parcels for tourism projects

Andhra beckons international investors with 1,279 acres of virgin land parcels for tourism projects

Projects categorized under 7 major themes!

The sunrise state of Andhra Pradesh being ranked No. 2 in Ease of Doing Business by World Bank (2014-15) beckoned international investors for developing tourism projects in 79 virgin land parcels spread across 13 districts in the state at the UAE – India Economic Forum 2016 in Dubai. Culminating into 1,279 acres of land, the state has categorised these projects under 7 major themes such as MICE, beaches, recreation, ecotourism, religious tourism, wayside amenities and heritage/historic tourism.
Banking on a futuristic Tourism Mission launched by the state last year along with a Tourism Policy with multiple incentives for investors, the state has so far realized projects worth Rs. 4,019 Cr. in the last one year with another Rs. 10,000 Cr. worth of investments in the pipeline.
Andhra Pradesh’s Tourism Policy which has won multiple accolades so far offers both fiscal and non-fiscal incentives for the investors. The policy also identifies a clear roadmap of investment approach in infrastructure project development where in majority of the projects would be build either through private investments or through PPP model. The government will also undertake select tourism projects in its endeavor to build a sustainable ecosystem for tourism in the state.
Under the dynamic leadership of Hon’ble Chief Minister Shri N. Chandrababu Naidu, the tourism department is taking progressive steps towards multifaceted tourism development in the state to ensure that not only the tourists carry good memories each time they visit Andhra Pradesh but also encourage their close acquaintances for a visit.
As a key note speaker at the UAE – India Economic Forum 2016 in Dubai, Dr. Srikant Nagulapalli, I.A.S., Secretary to Government, Tourism & Culture, said “Our aspiration is to develop Andhra Pradesh as one of the most preferred destination globally. To fulfill this dream and give a major fillip to tourism we aim to create a world-class tourism infrastructure in the state duly supported by best-in-class hotels, most modern rail, road and air network and excel in every aspect of tourism infrastructure development.”
“India and UAE share an illustrated history of economic and trade relations. At this august gathering attended by distinguished guests, I would like to take the opportunity to make an appeal to the industry leaders to come and invest in tourism projects in the sunrise state of Andhra Pradesh. We assure you all round co-operation right from a favourable land lease policy, to fiscal benefits and non-fiscal incentives. With a single desk window in place we assure clearance of all approvals in 21 days. Our focus is on fast tracking projects to enhance infrastructure and tourist engagement.”
The UAE-India Economic Forum (UIEF) is the definitive platform to discuss and evaluate UAE-India trade opportunities and aims to address the policy framework and guidelines required to attract investors, sovereign wealth funds, large corporates and industries, focusing on critical sectors like infrastructure, tourism, renewable energy and banking. This year the forum was held between the periods October 19 – 20, 2016 and attended by some of the most eminent policymakers and industry leaders from both the countries.

About author

TnH Global
TnH Global 4048 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Slider

Indian skies safest action taken against erring pilots: Ashok Gajapathi Raju

Asserting that Indian skies are the safest in the world, civil aviation minister Ashok Gajapathi Raju on Thursday said there will be no compromise on safety and security and action

Latest

An Appsolutely friendly complaint registration system for tourists

Working almost in sync with Goa Tourism to give tourists a platform to address their woes on transportation issues, the Directorate of Transport, Govt. of Goa has launched a Complaint Registration mobile app. The App,  provides  a convenient  facility

Latest

IndiGo to start daily flights from Gorakhpur to Delhi

IndiGo’s Gorakphur-Delhi and Delhi-Gorakhpur daily flights will begin from 1 September with fares beginning from Rs. 3,199. IndiGo will start daily non-stop flights from Gorakhpur to New Delhi from September. Incidentally, Gorakhpur

Awards & Recognitions

Emirates named ‘Airline of the Year’ at the 2018 Air Transport Awards

Emirates Airline has been named ‘Airline of the Year’ at the 2018 Air Transport Awards. Emirates won the prestigious accolade based the evaluation from a jury comprised of executives and

Destinations

India makes push for U.K. immigration reform

Commerce and Industry Minister Suresh Prabhu and Minister of State for Home Affairs Kiren Rijiju, both on visits to the U.K., have pressed the need for Britain to review immigration policies relating

SWISS reports CHF 194m EBIT for the third-quarter period

Swiss International Air Lines (SWISS) has reported earnings before interest and taxes (EBIT) of CHF 194 million for the third quarter of 2016, a 4.0% increase on the same period last year.

Trending

AirAsia Domestic Flight Tickets for Rs. 99 and International for Rs. 444

AirAsia tickets under the sale offer are open for bookings till November 19, through the airline’s website and mobile app. AirAsia has announced a discount sale, offering passengers one-way base

Etihad Holidays launches in India

Global Holiday Packages Go On Sale through Travel Agents across Country. Real-time, Online Booking Capability; customers given instant confirmation! Etihad Holidays, the tour operating arm of the UAE’s national airline Etihad

Trending

Nishant Pitti producing a film with Twinkle Khanna’s cousin Karan Kapadia

Nishant Pitti, from EaseMyTrip.com, is going to produce a film with Karan Kapadia that will hit the theatres in year 2018. Nishant Pitti, CEO & Co-founder of EaseMyTrip.com is one

Le Cirque Signature at The Leela Mumbai introduces a New Menu

Le Cirque Signature, the first ever signature restaurant of New York’s iconic Le Cirque, is delighted to announce the infusion of new dishes on its very exclusive menu. Renowned for

Trending

Taste of Malaysia Food & Culture Festival held at Tamra, Shangri-La’s – Eros Hotel, New Delhi

High Commission of Malaysia in association with Shangri-La’s – Eros Hotel, New Delhi and Tourism Malaysia had organized the Taste of Malaysia Food & Culture festival. Itwas showcasing Malaysia’s diverse

Trending

Singapore Tourism Board and Singapore Economic Development Board launch

‘Passion Made Possible’ Brand for Singapore The Singapore Tourism Board unveiled the Indian audiences the country’s unified brand, “Passion Made Possible”. This is the first time that the Singapore Tourism

0 Comments

No Comments Yet!

You can be first to comment this post!