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AP forms high-level panel to fast-track MSME tourism projects
AP forms high-level panel to fast-track MSME tourism projects

Time of India

time6 days ago

  • Business
  • Time of India

AP forms high-level panel to fast-track MSME tourism projects

Vijayawada: In a move to accelerate tourism development and promote entrepreneurship in the state, the govt has constituted a high-level committee to oversee the land allotment process for Micro, Small, and Medium Enterprises (MSMEs) under Public-Private Partnership (PPP) mode. 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.

APTDC signs MoUs worth Rs 10.3k crore at tourism conclave
APTDC signs MoUs worth Rs 10.3k crore at tourism conclave

New Indian Express

time28-06-2025

  • Business
  • New Indian Express

APTDC signs MoUs worth Rs 10.3k crore at tourism conclave

VIJAYAWADA: In a significant boost to the tourism sector, the Andhra Pradesh Tourism Development Corporation (APTDC) signed 82 Memoranda of Understanding (MoUs) for investments amounting to Rs 10,329 crore during the Andhra Pradesh Tourism Conclave Tech AI 2.0. The MoUs, signed in the presence of Chief Minister Nara Chandrababu Naidu, span wellness, eco-tourism, caravan tourism, hospitality infrastructure, homestays, and digital solutions. Launching the AP Tourism Digital Calendar, the Chief Minister said the investments reflect restored confidence in the State's governance and vision. 'Tourism is not just an economic activity; it is a tool for empowerment, employment, and environment-friendly development,' he said. Tourism Minister Kandula Durgesh said the partnerships align with the 2024–29 Tourism Policy, which grants industrial status to the sector. The policy offers 100% stamp duty exemption, electricity duty reimbursement, SGST incentives, and fast-tracked approvals. The MoUs include plans for luxury resorts, spiritual circuits, heritage restoration, medical and wellness tourism. APTDC MD Amrapali Kata said real-time dashboards will monitor project milestones and investor facilitation to ensure transparency and accountability. GFST Director Ch Kutumba Rao and Vice Chairman SP Tucker said the State is poised to lead in tourism-driven development.

Andhra will be future hub for wellness, happiness: CM Naidu
Andhra will be future hub for wellness, happiness: CM Naidu

Hindustan Times

time27-06-2025

  • Business
  • Hindustan Times

Andhra will be future hub for wellness, happiness: CM Naidu

Vijayawada, Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said the state will emerge as the future destination for wellness and happiness. Andhra will be future hub for wellness, happiness: CM Naidu Addressing a tourism conclave in Vijayawada, Naidu said his goal is to make Andhra Pradesh a wealthy, healthy, and happy state. "Andhra Pradesh will be the future destination for wellness and happiness. My goal is a wealthy, healthy, happy Andhra Pradesh—that is the goal I have set," the Chief Minister said. He unveiled an ambitious vision to position Andhra Pradesh as a global leader in tourism, describing the sector as the engine of future growth and emphasising its central role in driving economic transformation, employment generation, and cultural promotion. Observing that one in every ten jobs created globally comes from the tourism sector, Naidu said it generates eight jobs for every ₹ 1 lakh invested, more than sectors like IT, manufacturing, and agriculture. Naidu outlined plans to grow the sector's employment share from 12 per cent to 15 per cent and increase its contribution to the state's Gross State Domestic Product from ₹ 74,000 crore to ₹ 2.4 lakh crore by 2029. From the 19,500 hotel rooms currently available in the state, Naidu said the target is to scale up to 50,000 rooms by 2029. Highlighting the potential for temple tourism, Naidu said Andhra Pradesh is home to 21 temples that each generate over ₹ 1 crore annually. From ancient cities and a 1,000-kilometre coastline to forest reserves and riverine systems like the Godavari and Krishna, Naidu listed the state's natural and spiritual strengths. The government is developing seven anchor hubs—Visakhapatnam, Araku, Rajahmundry, Amaravati, Srisailam, Gandikota, and Tirupati—along with over 25 thematic circuits, including 10 temple circuits, five coastal circuits, four river routes, two cruise circuits, two Buddhist circuits, and three eco-tourism trails, he said, detailing the TDP-led NDA government's plans to promote tourism. Presenting the Andhra Pradesh Tourism Policy 2024–29 as a game changer, Naidu said the government has granted industry status to the tourism sector. Incentives for tourism investors include 100 per cent stamp duty exemption, electricity duty reimbursement for five years, State Goods and Services Tax reimbursements for up to 15 years, and fast-tracked clearances under the "speed of doing business" initiative. Speed of doing business in real-time will cut red tape, and I am ready to introduce more reforms if needed, he said. Further, Naidu invited yoga guru Baba Ramdev, who attended the event, to serve as Andhra Pradesh's advisor for tourism. "I am asking Baba Ramdevji to be our advisor for tourism. He will be the best brand manager and promoter for Andhra Pradesh. Then, automatically, tourism will flourish in the state in a big way," Naidu added. This article was generated from an automated news agency feed without modifications to text.

Land, incentives approved to firms investing in hotels and resorts in A.P.
Land, incentives approved to firms investing in hotels and resorts in A.P.

The Hindu

time23-05-2025

  • Business
  • The Hindu

Land, incentives approved to firms investing in hotels and resorts in A.P.

Based on the recommendations of the State Investment Promotion Board (SIPB), the government has given its nod for grant of incentives to Bengaluru-based Shravanthi Hotels and Resorts for development of Ibis Styles 3-star and Novotel 5-star Cluster Hotel at Tirupati, as per the provisions of Andhra Pradesh Tourism Policy 2024-2029. The government also allotted 12.7 acres of land in S.V. Puram, Vadamalapeta, Tirupati, and granted incentives to Odisha-based Bengal Ultimate Resorts LLP for development of 5-star resorts, as per the provisions of the Tourism Policy. Orders signed by the Special Chief Secretary, Tourism, Ajay Jain, were released to this effect on Thursday.

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