Khajuraho : In a bid to attract and encourage private investment in the tourism sector in the state, the Madhya Pradesh government will lease out 700 hectares of land for tourism-related projects. The land will be leased through open competitive bidding for a period of 30 years. Speaking at the first Tourism Conclave organised jointly by Madhya Pradesh Tourism and FICCI at Khajuraho, Vinod Semwal, Principal Secretary - Tourism, Madhya Pradesh, and Pankaj Rag, MD, Madhya Pradesh Tourism Development Corp., said that the state intended to engage private investors in a proactive manner.
Of the 700 hectares identified, Semwal said about 450 hectares will be earmarked for projects based on the PPP model. Regarding the poor state of roads connecting various tourist destinations, he said that the Public Works Department is working hard to improve the roads and is updating the Tourism Department on a day to day basis. He added that the government currently has various incentives for private investors, including luxury tax exemption for a period of five to eight years for new hotels. Read more
Source : travelbizmonitor.com