October 20, 2016 TnH Global

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.