AP forms high-level panel to fast-track MSME tourism projects
This follows the rollout of the Andhra Pradesh Tourism Land Allotment Policy 2024–2029 and aligns with the overarching Tourism Policy 2024–2029.
According to the Govt Order on Thursday night, the newly-formed committee will facilitate the transparent allotment of govt land to eligible MSME tourism projects. The committee is designed to ensure efficient, sustainable, and investor-friendly project implementation across tourism infrastructure, including hotels, resorts, wellness centres, amusement parks, MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities, and more.
The committee will be chaired by the vice chairman and managing director (VC&MD) of the Andhra Pradesh Tourism Development Corporation (APTDC). The chief executive officer of the Andhra Pradesh Tourism Authority will serve as co-chairman, while the executive director (projects) of APTDC is designated as the member convener.
Additional members of the committee include representatives from the finance department, a transaction advisory consultant nominated by the VC&MD of APTDC, general manager/AGM (PPP) from APTDC, the chief general manager (projects) of INCAP (Infrastructure Corporation of Andhra Pradesh), and industry and academic experts as required for specific projects.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
No annual fees for life
UnionBank Credit Card
Apply Now
Undo
Technical officers such as the estate officer and chief engineer/superintending engineer of APTDC will be involved as invitees to provide technical scrutiny during the decision-making process.
The decision to form this committee was based on proposals submitted by the VC&MD of APTDC under Rule 6.2 of the land allotment policy. The primary objective is to create a robust ecosystem that not only encourages private investment but also simplifies the approval process and ensures sustainable tourism growth.
The vice-chairman and managing director of APTDC is directed to take further necessary action to operationalise the committee and initiate transparent bidding for MSME tourism projects.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Valuations remain stretched; growth hopes pinned on second half recovery: Ashish Gupta
"Since April we have seen foreign flows turning positive, but they have not been very strong. If I recollect correctly, in the last three months we have had only about three, three-and-a-half billion dollars of net FII inflows and so, we have to look at our market performance in the broader context of the global equity market rally ," says Ashish Gupta , CIO, Axis Mutual Fund . I remember when we were talking about in March, you were saying do not be so pessimistic, the markets will improve, and the second half is going to be good. Do you think we have reached the pinnacle of that? Is all the good news already in the price now? Ashish Gupta: So, we actually look at India market from our own lens and the Indian market has, you are right, done quite well since March. But actually, if you look in the context of global markets, India YTD has actually underperformed many global markets. If you look at most of the emerging market universe or even the Asian markets, whether you look at Korea, Taiwan, Brazil, most of the markets are actually year to date in dollar terms up anywhere between 20% to 35%. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Cybersecurity Others Digital Marketing Management Leadership Finance PGDM Data Science Artificial Intelligence Design Thinking CXO Product Management Data Analytics Data Science Operations Management Project Management MCA Public Policy MBA Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo So, we are actually in the midst of a major global equity rally. In the last couple of months, even the US market as you would have seen has clawed back most of its losses that were there in the past six months. So, in that sense the Indian market is not kind of standing out in the global context. Actually, what is interesting is that despite this relative underperformance, year to date foreign flows to the market have still been lacklustre. So, since April we have seen foreign flows turning positive, but they have not been very strong. If I recollect correctly, in the last three months we have had only about three, three-and-a-half billion dollars of net FII inflows and so, we have to look at our market performance in the broader context of the global equity market rally. We cannot be complacent given that there is a lot of uncertainty still out there. Since beginning of the year major macro events have played out whether in terms of geopolitics and even on tariffs and the impact of that has not been seen on the economic indicators. So, for example, US tariffs are up on average about 13% since the beginning of the year even after many of the roll backs and US CPI does not reflect that. So, some of these things play out with a lag. So, next couple of months we need to see the economic indicators actually playing out and then only we will be able to get a decisive direction for the market. Live Events Give us a sense of where do you believe valuations are headed when it comes to across the market caps because you still believe that valuations may be slightly stretched but where are some pockets where you believe that the valuations have come down significantly and could merit a relook. Ashish Gupta: So, in terms of valuations, we are actually where we were six months ago, we have not really seen a major change in valuations. Nifty is about 21-22 times earnings. If you see some of the sectors that are demonstrating higher growth whether they are in the midcap space or even the larger cap, so wherever the growth outlook is stronger those stocks actually on a median basis are trading around 27-28 times. So, valuations are not inexpensive in the market. What is important is that we this year get the growth pick up that is being forecast. Last year market earnings growth had come down to about 6-7%. This year the expectation is that growth should pick up to about 11-12% and lot of it is actually hinging on a recovery in the second half. If we look at the trends in the first quarter on the macroeconomic trend in India, they have not really picked up, in fact many of the consumption basket is still relatively slow whether you look at FMCG or in your show you was earlier talking about even consumer durables. We have seen even some of the high frequency indicators like GST collections moderating to about 6%, power demand has also slowed, but some of that is seasonal because of the monsoon. And really the big hope is that in the second half on back of the good monsoon as well as all the liquidity infusion and rate cuts that have happened in the last six months, there is a pickup in the economy and that reflects in earnings. As of today, we are not seeing that. If you see even bank credit growth that still continues to be in single digit despite the liquidity infusion. So, we are placing a lot of expectations on a stronger second half given some of these macroeconomic developments.
Time of India
an hour ago
- Time of India
Big pay in Dubai or better benefits in India? The career choice developers are debating in 2025
Tax-free salaries and global experience draw professionals across countries and continents. However, when you're facing a major career move, there's more to consider than just the numbers on your paycheque. Hidden expenses, long-term perks and lifestyle changes all matter. A backend developer's recent Reddit post has got everyone arguing about Dubai versus India jobs, and the discussion reveals quite a lot about this tricky choice. This software developer, who's been coding for six years, wanted to know if a Dubai offer paying AED 18,000 (roughly INR 50 lakh yearly) matched his experience level. He's also got a INR 45 lakh offer from an Indian company. The post blew up, with loads of people chiming in about living costs, work-life balance, career prospects and financial planning. The viral Reddit post is given below: A viral Reddit post by an Indian developer weighing a ₹50 lakh Dubai offer has sparked a wider debate on salaries, savings, and stability in tech careers. The 2 offers head to head The Indian offer pays INR 45 lakh annually, which drops to about INR 33 lakh once taxes bite. The Dubai package offers $80,000 yearly (around INR 60 lakh at current rates) with no tax deductions, plus health insurance, annual flight allowance and transport costs covered. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Canada is looking for skilled immigrants from Jamaica! Canadian Visa Professionals Sign Up Undo But there's a catch - no housing allowance or family insurance, which makes a real difference when you're crunching the actual value. The Dubai deal seems brilliant initially. Higher pay, zero tax and international experience. But Reddit users weren't having it - they stressed looking past the salary figure to examine Dubai's actual living expenses. Dubai and India have different living costs Dubai's tax-free income sounds fantastic until you see the price tags. Rent alone can gobble up INR 10-16 lakh yearly for a decent one-bedroom flat, depending where you live. Food, utilities and healthcare cost significantly more than back home too. One Reddit user put it bluntly: "UAE is so expensive these days. He is a bachelor now, but he won't be in the future." That really hits home for many who reckon Dubai's attractive salary disappears fast unless you live like a monk. India lets you save properly with modest spending, but Dubai's social scene and entertainment practically force you to spend more. Several users also mentioned job security differences. Indian tech jobs offer steadier pay rises and more predictable career paths, whilst the UAE market, especially for techies, can be pretty unstable. Salary bumps come slowly in the UAE, and the IT sector isn't as established as India's. Job insecurity matters, particularly early in your career. India's package brings stability, perks and growth potential India's lower salary comes with much stronger benefits; hybrid working, health cover for your whole family and better work-life balance. These extras make India attractive, especially if you want stability, family life and clear advancement opportunities. Living costs make India even more appealing. Rent, food and healthcare won't break the bank, so you can actually save money. Hybrid working gives you flexibility too, making personal life easier without hurting your career. One Redditor summed it up perfectly: "In India, after tax, you will get somewhere around INR 2 lakh per month. Single—Dubai. Family—India." That really captures the choice - it depends completely on your situation, especially regarding long-term security, benefits and manageable expenses. What this argument reveals about bigger issues This debate goes beyond money and benefits. It touches career development, job stability and lifestyle choices. Young professionals often find tax-free places like Dubai tempting, but reality gets complicated quickly. The UAE's tax-free salary comes with brutal living costs, and careless spending can land you in financial trouble. Indian offers typically include comprehensive benefits, stable growth opportunities and familiar family and social networks. Think about long-term goals too. Dubai provides international exposure, but lacks social safety nets like family health insurance and job security. India's established tech scene and expanding opportunities in AI, fintech and cloud computing could offer steadier, more rewarding career progression. Making a choice is too complex and personal Whether INR 50 lakh works in Dubai depends entirely on personal priorities. Want financial savings and international exposure? Dubai might seem perfect. But as users pointed out, it's not just salary; lifestyle, job stability and growth opportunities matter enormously. India's offer, though smaller, provides greater security, better work-life balance and affordable living. For stable careers with strong long-term benefits, India might deliver a more balanced, fulfilling life. This argument isn't unique to India and Dubai either. The global tech industry has seen major shifts in salary structures, benefits and work-life balance importance recently. Many countries now offer remote work options letting developers work anywhere, blurring domestic and international job market boundaries. Meanwhile, growing tech sectors in emerging markets like India, Southeast Asia and Eastern Europe create opportunities for developers to access competitive salaries and benefits without relocating to traditionally expensive cities like Dubai or Silicon Valley. The global landscape for software developers keeps evolving, with salary and benefits now just part of the equation. Today's developers must balance financial rewards with career growth, lifestyle preferences and long-term job security, considering both personal and professional goals. Your decision should reflect what you value most in career and lifestyle. Choose Dubai for tax-free income and global exposure, or India for stability and comprehensive benefits - just evaluate everything thoroughly before such a major decision. Whether you stay in India or head to Dubai, the decision isn't just about your pay-package - it's about building a career and life that matches your values, ambitions and long-term vision. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
Time of India
an hour ago
- Time of India
Andhra Pradesh liquor 'scam': Accused planned iron ore biz in Africa; chargesheet hints at money laundering
1 2 VIJAYAWADA: The special investigation team (SIT) probing the alleged Rs 3,500 crore liquor scam has detailed the international trail of Katta Pronnoy Prakash, one of the key witnesses, and other alleged operatives in the case. According to the chargesheet filed by the SIT, Pronnoy's movements between Dubai, India, and several African countries were orchestrated by Chanakya, Raj Kasireddy, and former Chandragiri MLA Chevireddy Bhaskar Reddy, who have been named as key accused in the case. The chargesheet states that Pronnoy travelled to Dubai in June 2024, shortly after the election results. It was his first visit to the UAE. The flight tickets for the trip were booked by Chanakya, who, along with his team, was already stationed in Dubai. He initially entered on a visit visa, but managed to obtain a temporary residence visa in Jan this year and started living with Chanakya and another associate, Varun, in an apartment in Dubai. Varun joined the flat around two months after Pronnoy's arrival. The chargesheet reveals that during their stay, Varun disclosed to Pronnoy that he had collected funds from liquor companies and distilleries in Hyderabad. He also mentioned that he was managing the affairs of Leela Distillery under the instructions of Raj Kasireddy, who was the IT adviser for the YSRCP govt. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Global Indices Are on the Move — Time to Trade! IC Markets Learn More Undo Another figure, Kiran Kumar Reddy (A-9), visited them periodically in Dubai, as per the SIT's findings. As per the SIT document, Chanakya and Raj Kasireddy instructed Pronnoy to travel to African countries - specifically Zambia, Zimbabwe, and Tanzania - to assess the feasibility of initiating an iron ore business. They assured him that a new mining-related company was being planned under the leadership of Raj Kasireddy and Chevireddy, and promised that Pronnoy would be offered both a salary and equity in the company. Paila Dileep, an associate of the group, booked the tickets through a private travels and sent them to Pronnoy. On Nov 2, 2024, Pronnoy flew to Zambia, where he spent about a month meeting officials from various govt depts to understand the mining operations there. He returned to Dubai in early Dec and returned to India around Dec 4 or 5, 2024. A few days after arriving in India, he was contacted by CID officials who informed him that his name had come up during the interrogation of Chevuri Kiran Kumar. Fearing the repercussions and with his Dubai visa having expired, Pronnoy flew to Thailand, where he met Chanakya again. While in Thailand, he renewed his Dubai visa and subsequently returned to the UAE. The SIT chargesheet further details that while in Dubai, Pronnoy was added to a conference call by Chanakya, which was also attended by Chevireddy. At that time, Chevireddy was in Dubai to meet Gagan Gupta, the CEO of Arise Group, a company responsible for spearheading investment initiatives across African nations. Chevireddy informed Pronnoy that he would be introduced to Nived Shetty, the person overseeing Arise Group's Tanzania operations, who would help facilitate the establishment of the iron ore company. The chargesheet further mentions that Gagan Gupta used to be facilitated VIP darshan at Tirumala and Tirupati whenever he was in India, which were coordinated by Chevireddy. On Jan 13, Pronnoy departed for Zimbabwe. At Dubai airport, he met Manohar Ghorpade, a geologist from Bengaluru based in Australia. As mentioned in the SIT report, Ghorpade was responsible for handling technical aspects of the mining operations. The two of them travelled together within Zimbabwe, conducting feasibility assessments for iron ore extraction. Pronnoy stayed in the country for 17 days. Subsequently, Chanakya directed Pronnoy to travel to Tanzania. The SIT report specifies that on Jan 31, he flew to Tanzania and met Chevireddy, Mohith Reddy, and Cherukuri Venkatesh Naidu, a close aide of the Chevireddy family. The meeting was also attended by Nived Shetty. The SIT chargesheet provides a detailed timeline of Pronnoy's movements and interactions and connects several high-profile individuals and companies to the ongoing investigation into financial misappropriation involving distilleries, offshore investments, and mining ventures. The international scale of the operation - spanning the UAE, India, and multiple African nations - has added new dimensions to the probe. Investigators are expected to further examine the role of travel agencies, digital communication tools, and offshore business contacts as they continue to piece together the financial architecture behind the scam.
