Andhra Pradesh holds investors meet for tourism

Hyderabad: To achieve the target of investments worth Rs 20,000 crore by 2029 the tourism department conducted investors meet on Tuesday which was attended by more than 26 key investors.

Principal secretary of tourism department Neerabh Kumar Prasad, who chaired the meeting, had discussions with investors in multiple sectors such as hotels, water sports, cruises and others.

The department in a press release said that the sunrise state of AP is endeavouring to make the state an ideal destination for investments and facilitate ease of doing business.

Taking this commitment forward and to attract more investments to the state, AP Tourism conducted an investor meet in the state. The tourism department said that the progress of each project was reviewed with various departments and investors’ pending issues were resolved across the table. Investors such as ANI Technologies (Ola), Amaravati Tourism, Samudra Shipyard, Shore View Hospitality, Sky Choppers, Water Sports Simple participated in the discussions.

Urging the investor community to start commercial operations at the earliest and assuring them of coordinated effort by all relevant government departments to ensure ease of doing business and faster project execution, Neerabh Kumar Prasad said, “Time is ripe to fast track the execution of projects and ensure timely completion. We stand committed to extend our full cooperation to all investors to streamline the entire process.”

Totally 33 new projects have taken off with an investment of Rs 2,400 crore. They generate sizeable employment opportunities too. AP has set a target of investments worth Rs 20,000 crore in the tourism sector by 2029.

The state has already seen investments from notable hospitality brands such as ITC, Accor Group, Taj, JW Marriot etc. and has launched a plethora of water sports and adventure tourism facilities in Vijayawada and some other places in the state.

Totally 33 new projects have taken off with an investment of Rs 2,400 crore.
They generate sizeable employment opportunities too.