AP Tourism has bigger plans ahead to elevate the face of travel attractions in the state. Andhra Pradesh has gained considerable focus, especially after being ranked number 2 in Ease of Doing Business by the World Bank. Time had now come to bank on the exposure and draw in the international attention.
To this effect, AP Tourism is now calling out to major global investors for developing large scale tourism projects in 79 virgin land parcels across 13 districts. This was brought up at the recent UAE India Economic Forum Summit held in Dubai. The state has put these projects under seven themes – beaches, recreation, religious tourism, heritage, wayside and MICE.
The forum proved to be a productive one, where both the countries had an ample scope to discuss trade options, revised policy framework that can pull more investors, accumulation of wealth funds, industrial boost and collaborations, renewable energy and banking. The forum that was held for two days (19th and 20th October) saw some of the prominent and experienced policymakers and business leaders come together.
AP showcased futuristic Tourism Mission that was launched by the state last year along with a Tourism Policy with multiple incentives for investors. So far, projects worth INR 4,019 cr were realized in the last one year, along with another INR 10,000 cr worth of investments in the pipeline.
The best part is that AP Tourism Policy offers both fiscal and non-fiscal incentives for the investors. Clarity is seen in the road map that seeks investments in infrastructure project development. Majority of these projects would be build either through private investments or through PPP model.