Global Investors Summit to attract deals for tourism infrastructure in Andhra: MD, APTDC

Tuesday, February 28, 2023

The tourism department is striving to promote Andhra Pradesh as a destination that would give visitors tremendous investment prospects in the tourism industry during the upcoming two-day Global Investors Summit (GIS) in Visakhapatnam on March 3 and 4.

“We are very hopeful that the two-day GIS in Vizag will witness the signing of MoUs worth over Rs 20,000 crore investments in the tourism sector. Vizag region will attract most of the investments in the sector.

Most popular hotels and resorts, adventure sports clubs, water sports clubs, cruises and ropeways are expected to come up in various parts of the state,” managing director, AP Tourism Development Corporation (APTDC), K Kanna Babu, said.

The state is endowed with all the natural beauty that may entice travellers from all over the world looking for adventure, including a lengthy coastline, attractive water bodies, high hills, waterfalls, and other attractions. Yet, the tourism department previously did not promote the locations of adventure tourism, Times News Network reported.

Rappelling, rock climbing, trekking, paragliding, surfing, and other adventure activities abound in various regions of the state, notably in the Vizag region.

“Regarding adventure tourism, tribal tracks and Gandikota are the best locations to promote. Vizag, Rajahmundry, Kakinada, Tirupati and a few other locations in the state have huge scope for tourism. We are expecting the GIS to attract investments to create infrastructure and opportunities in the tourism sector in the state,” Times News Network quoted Kanna Babu as saying.

Andhra Pradesh drew 9.3 crore domestic tourists in 2021, accounting for 14% of total national footfall. It has emerged to become the third most visited state. For investors in the industry, AP holds a lot of promise.

There are several advantages to engage in the tourism sector in Andhra Pradesh, including the state’s safety for visitors, ease of doing business, attractive incentives, excellent land allotment, and government backing.

“We have decided to attract the best promoters and investors to boost the tourism sector in the state,” Times News Network quoted a senior officer with the tourism department as saying.

President, Tours and Travel Association, AP, K Vijay Mohan, stated that the GIS is a great platform for attracting investments in the tourism sector, and that the government should form an investment board in tourism with officials and stakeholders in the industry to facilitate all required approvals and licences for tourism projects through a single desk.

“Mere signing of MoUs would not result in investments, the officials must follow up for investments as many states have been attracting the investors,” he added.

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