Indian government takes USD 31 million loan from ADB to boost Tamil Nadu’s tourism

Published on : Thursday, December 13, 2018

The central government of India has signed a loan agreement for USD 31 million with the Asian Development Bank to recover the tourism industry in Tamil Nadu.



The southern state of India is one of the top revenue generators from tourism as its centuries-old temples are a big attraction for foreigner tourists. A statement from the Press Information Bureau of the Central government said the loan would be utilised to build up the Tamil Nadu tourism industry.



Kenichi Yokoyama, Country Director for ADB said that the increased tourism traffic generated by this project will generate extra jobs in Tamil Nadu, especially through skills training and community based activities targeting the poor and women.



The project will support the conservation and restoration of eight heritage monuments, a museum, three temples, and a pond. The project also covers building various facilities at the sites, including information centers, rest centers and toilet blocks with facilities served by solar powered lighting and energy efficient lighting. The estimated completion date is June 2020.



The recent three-year action agenda of the union government envisages the hospitality, travel and tourism sector as a major driver of growth and employment.



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