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MP Tourism Signs Nine MoU's At Global Investors Summit 2012
November 02, 2012

MP Tourism Signs Nine MoU's At Global Investors Summit 2012


02 November 2012

Mumbai: The third edition of the Global Investors Summit, a three-day biennial event that concluded on October 30, 2012, organised by Madhya Pradesh government in Indore to attract domestic and foreign investments for state development, saw measures being adopted to boost the tourism potential of the state. At the summit, the State Tourism Department signed nine Memorandums of Understanding (MoU’s) worth Rs 1,192.96 crore in total. The MoU's were signed in the presence of Tukojirao Puar, Minister for Tourism, Govt. of Madhya Pradesh (MP), and departmental officers at the seminar held on the premises of Labhganga.

As per the MoU's, a total of six four- and five-star hotels, resorts, and amusement parks, besides resort cottages and sites for Wellness Tourism, will be developed, which in turn are expected to generate 10,850 direct and indirect jobs. For instance, the Indore-based Alfavision Oversee India Ltd will develop tourism and resort projects at Saras Village, Sehore with a total investment of Rs 250 crore. Besides this, companies like TD Pvt Ltd and Sukh Sagar Group have signed MoU’s to develop five-star hotels in Bhopal and Jabalpur with an investment of Rs 177.06 crore and Rs 200 crore, respectively. AG8 Ventures Ltd will be setting-up an Aakriti Nature Cure Project at Fanda Village in Bhopal with an estimated investment of Rs 25 crore.

Furthermore, an Expression of Interest (EoI) has been floated and process is underway to finalise proposals worth Rs 7,215 crore to enhance tourism infrastructure in MP. A total of 21 companies have showed interest in establishing four- and five-star hotel and resort properties, besides a theme park and other tourism-allied activities. Essel Infraprojects Ltd, the company owned by Subhash Chandra, Chairman, Zee Entertainment Enterprises Ltd, intends to set-up a theme park at Indra Sagar with an investment of Rs 1,000 crore.

Inviting the investors at the summit, Puar said, “Madhya Pradesh should be known not only as the heartland of India and for its Tiger Reserves, but also for its hill stations, archaeological wealth, scenically beautiful forests, water bodies, and places of religious importance. In view of this, the tourism sector is being promoted in the state and the state government will leave no stone unturned to put its proposals into practice immediately.”

S P S Parihar, Principal Secretary Tourism and Urban Development, Govt. of MP, informed investors that the state is rich with Film and Water Tourism products. For promoting tourism, the state government has chalked out a tourism policy with tax exemptions, and priority has been given to new hotels for which a number of exemptions and facilities have been extended.

While addressing the investors present, Raghvendra Kumar Singh, Managing Director, MP State Tourism Development Corporation, said, “Efforts are being made to link districts with aerial routes to promote tourism and facilitate tourists in the state.” Ashish Kumar Singh, Secretary to Chief Minister, Govt. of Maharashtra, threw light on the successful efforts made in the tourism sector of Maharashtra.

Delegates, including Amitabh Kant, CEO, Delhi-Mumbai Industrial Corridor; Subhash Goyal, Chairman, STIC Travels Group and President, Indian Association of Tour Operators (IATO); Sumit Kothari, President, Madhya Pradesh Hotel & Restaurant Federation; and Subhash Verma, President, Association of Domestic Tour Operators of India, also put forth suggestions and lauded Madhya Pradesh's tourism policy.