India Inc India Inc: Tuesday, 14 November 2017 06:44

Andhra Pradesh fine-tunes tourism policy

Andhra Pradesh government will soon be announcing a more investor-friendly tourism policy by making certain changes to the 2015-20 policy, announced two years ago, to make execution of projects speedier and attractive for investors.

Bhuma Akhila Priya Reddy, Andhra Pradesh Tourism and Culture Minister, said the tweaked tourism policy would address issues related to land allocation and its high cost, lease rents, incentives for smooth and speedy implementation of tourism infrastructure development projects in all 13 districts.

She disclosed that the state government proposes to allot a 240-acre site in Madhurawada, Visakhapatnam, to be developed as a resort and theme park on the lines of Genting Highlands in Malaysia. The other major projects include the development of Bhavani Islands, village tourism, 39 beach locations, and jetties near ports as tourist spots.

Krishna Kishore, CEO, Economic Development Board, AP, said the huge industrial investments flowing into the state from Japan, Singapore, US, would also open up the tourism potential.

Also, a proposed 1,000-km road along the beach would open up beach-front tourism.

India Investment Journal’ has in-depth coverage on related topics.

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