Andhra Pradesh government shortlists 13 firms in tourism to set up ventures

Published on : Tuesday, December 19, 2017

indexThe Andhra Pradesh state government has shortlisted 13 firms in the tourism sector for setting up their ventures in the state. The tourism projects range in size from Rs. 20 crores to Rs. 200 crores. Most of the projects are coming up along the city’s coastline. Some of the projects include theme parks, resorts, go-karting tracks, five-star hotels and amusement parks.

The city’s excellent air, rail and road connectivity is one of the main reasons behind the tourism firms’ interest in setting up sites in Vizag. The AP tourism department in association with the sub-committee of AP Chambers of Commerce and Industry Federation (APCCIF) have received nearly 30 proposals from various places in the country during its recent stakeholders meet at various places including Visakhapatnam, Vijayawada and Hyderabad in October and November. The authorities have finally shortlisted 13 firms after careful consideration. The Tourism Minister B Akhila Priya is likely to announce the names of the shortlisted firms at a formal meeting next week in Vijayawada on December 22 (Friday).

APCCIF chairman G Sambasiva Rao said that some of the firms are asking the government to reduce the lease amount to 3-4% of the land value. “The lease issue would be discussed soon in the next meet, mostly by next week. We want to see that all the projects are grounded by the next two years. Nearly 80% of the projects are coming up in Vizag and the remaining projects in neighbouring places like Vizianagaram,” Rao said.


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