Tourism projects worth Rs.7 bn coming up in Hyderabad
A world-class spa, a training centre in spa technology and hospitality, five-star hotels and an urban entertainment centre are among the key tourism projects coming up in and around Hyderabad with a total investment of Rs.7 billion.
Andhra Pradesh has attracted about Rs.9 billion of private investment in tourism projects during last two years while the state government has spent Rs.2 billion on the sector.
Tourism Minister J. Geeta Reddy Sunday disclosed these figures while releasing a new investor-friendly tourism policy.
The state already claims to be the number one in domestic tourism. 'Almost 89 million domestic tourists are coming to Hyderabad every year,' she said.
A five-star hotel with more than 250 rooms and 100 service apartments is coming up near Hitec City, the IT hub, at an estimated cost of Rs.5 billion. The Hilton group also plans to develop a hotel in the area, which already has a world-class convention centre and a five-star hotel developed by the Dubai-based Emmar group.
New Delhi-based Indian Hotels and Health Resorts Hospitality Private Limited, the owners of famous Ananda spa in Himalayas, and the state government are jointly setting up a world class spa, hotel and training centre in spa technology and hospitality on 14.94 acres at Nanakramguda on the outskirts of Hyderabad at a cost of Rs.1 billion.
The other major project is an urban entertainment centre on 5.61 acres of land at Basheerbagh in the heart of the city. The centre, to be developed with an estimated cost of Rs.1.37 billion, will have a mega shopping mall, multiplexes, business convention centre, ethnic bazaar and theme parks.
Geeta Reddy said a health spa, hotels, multi-theme park, convention centre and urban entertainment centre were also coming up in the coastal city of Visakhapatnam.
To attract new investment in the sector, the government will offer various incentives including investment subsidy of 20 percent of the project cost subject to a maximum of Rs.2 million. To encourage upgradation to international standards, selected hotels will be offered an incentive of 15 percent of the project cost.
In another move to promote tourism, the state government had a tie-up with Air Deccan to link Hyderabad with popular tourist destinations outside the state like Goa, Coimbatore and Cochin.
The tourism department has appointed shooter Amit Sanghi and golf player P. Krishna Reddy as its brand ambassadors.
Source
Monstersandcritics
Andhra Pradesh has attracted about Rs.9 billion of private investment in tourism projects during last two years while the state government has spent Rs.2 billion on the sector.
Tourism Minister J. Geeta Reddy Sunday disclosed these figures while releasing a new investor-friendly tourism policy.
The state already claims to be the number one in domestic tourism. 'Almost 89 million domestic tourists are coming to Hyderabad every year,' she said.
A five-star hotel with more than 250 rooms and 100 service apartments is coming up near Hitec City, the IT hub, at an estimated cost of Rs.5 billion. The Hilton group also plans to develop a hotel in the area, which already has a world-class convention centre and a five-star hotel developed by the Dubai-based Emmar group.
New Delhi-based Indian Hotels and Health Resorts Hospitality Private Limited, the owners of famous Ananda spa in Himalayas, and the state government are jointly setting up a world class spa, hotel and training centre in spa technology and hospitality on 14.94 acres at Nanakramguda on the outskirts of Hyderabad at a cost of Rs.1 billion.
The other major project is an urban entertainment centre on 5.61 acres of land at Basheerbagh in the heart of the city. The centre, to be developed with an estimated cost of Rs.1.37 billion, will have a mega shopping mall, multiplexes, business convention centre, ethnic bazaar and theme parks.
Geeta Reddy said a health spa, hotels, multi-theme park, convention centre and urban entertainment centre were also coming up in the coastal city of Visakhapatnam.
To attract new investment in the sector, the government will offer various incentives including investment subsidy of 20 percent of the project cost subject to a maximum of Rs.2 million. To encourage upgradation to international standards, selected hotels will be offered an incentive of 15 percent of the project cost.
In another move to promote tourism, the state government had a tie-up with Air Deccan to link Hyderabad with popular tourist destinations outside the state like Goa, Coimbatore and Cochin.
The tourism department has appointed shooter Amit Sanghi and golf player P. Krishna Reddy as its brand ambassadors.
Source
Monstersandcritics
posted by Sreeram at Wednesday, November 01, 2006
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