Naidu aims Rs 10,000 crore investment in AP Tourism


With an objective of transforming Andhra Pradesh into a Tourism Hub, Chief Minister N Chandrababu Naidu will launch the Tourism Mission Document on September 14, 2015 in Vijayawada. The objective of the Tourism Policy is to facilitate investments in to the tourism sector to the tune of Rs 10,000 crore and contribute 7% to the State GDP by 2020, and creation of 5 lakh additional jobs in the tourism sector. Investments will be attracted mainly through private sector projects, and to a limited extent through PPP projects and government projects. Botanical gardens, Urban/Rural haats, Tourism & Hospitality Training Institute, Wayside amenities, Spiritual/Wellness centers, Museums. To attract the Rs 10,000 investment Naidu will announce many concessions to the investors like 100 per cent entertainment tax, power concession on the lines of HT consumers such as airports, railway stations and bus stations. Are these concessions enough to attract a massive investment of Rs 10,000 crore in near future for a state where economy is crippled by successive droughts and unemployment?

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