spot_img

Kerala’s first-ever Tourism Investors Meet earns investment offers worth ₹15,117 crore

Date:

Share:

[ad_1]

Kerala’s first-ever Tourism Investors Meet (TIM) has bolstered the government’s travel and hospitality initiatives in the post-pandemic era, with the State receiving investment offers worth ₹15,116.65 crore in the core sector.

This included a memorandum of understanding that Kerala Tourism signed with Tamara Leisure Experiences on a ₹250-crore houseboat hotel projects which the Bengaluru-based hospitality group will execute in the Alappuzha and Kannur districts.

The day-long deliberations also led the tourism department to set up a dedicated facilitation centre. To be headed by the Tourism Secretary, this body will carry out time-bound actions as a follow-up to the outcomes of the deliberations and business meets at the TIM.

Further, there will be a coordination committee, led by the Tourism Director, with the association of the secretaries of various departments. The committee will have the power to intervene if any of the projects face issues, Tourism Minister PA Mohamed Riyas said.

The committee will hold regular ministerial meetings to keep track of the progress of the tourism investment endeavours, he added.

TIM 2023 saw the participation of nearly 500 investors and entrepreneurs. These included 46 startups and 118 investors from the Responsible Tourism sector. A total of 75 projects were presented, of which 52 were from the private sector. They contributed to the investment offers.

Besides 23 projects proposed by the Tourism Department, 16 projects were mooted as public-private partnerships. Together, the 39 projects contributed to investment offers worth ₹2,511.10 crore. Also, besides the 52 proposals in the private sector, 21 projects worth ₹12,605.55 crore won investment offers.



[ad_2]

Source link

━ more like this

China Sanctions: China sanctions US firm Kharon, provider of research on Xinjiang

BEIJING: China's foreign ministry said it had sanctioned Kharon, a US firm founded by former treasury department officials that provides data to companies...

Bry-Air Conducts the 13th Biannual Eye Camp to Support Underprivileged People Suffering from Eye-Related Problems

Bry-Air Conducts the 13th Biannual Eye Camp to Support Underprivileged People Suffering from Eye-Related Problems Staying true to its commitment to enhancing lives through CSR...

Ukraine: Ukraine claims destruction of major Russian navy vessel in Crimea

Ukraine's air force said on Tuesday that it had destroyed a major Russia landing ship stationed in the Crimean waters, after the Russian-installed...

Mavericks’ Luka Doncic reaches 10,000-point career milestone

Mavericks star Luka Doncic reached 10,000 career points during the first quarter of Dallas’ road game against the Phoenix Suns. Doncic reached 10,000...

Indonesia nickel plant explosion death toll rises to 18

JAKARTA: The death toll after an explosion at a Chinese-funded nickel-processing plant in eastern Indonesia over the weekend has risen to 18 with...