January 2021 \ Business & Investment \ TOURISM AND TRAVEL
More visitors at Unity Statue than Taj

While unveiling the new Tourism Policy 2021-25, Gujarat Chief Minister Vijay Rupani ...

The state government will be giving incentives to tourism development projects in focused areas. In the new policy, a provision has been made for a minimum Rs 1 crore investment and 20 per cent incentive for it, though there is no limit on maximum investment. In the previous tourism policy, there was a cap of Rs 50 crore investment and 15 per cent subsidy on investment in new hotels, resorts, amusement parks, theme parks and water parks.

“If the investment is more than Rs 500 crore, we will give 20 per cent incentive on that,” Mr Rupani added. The new policy also wants to incentivise amusement parks, water parks and theme parks where Rs 50 crore would be considered the minimum investment and 15 per cent subsidy would be given for investment in the range of Rs 50 crore to Rs 500 crore.

The state government wants to push projects yielding large investments and for that amusement park projects with more than Rs 500 crore investment would be given land on lease on top of the 15 per cent subsidy. The 15 per cent subsidy would also be given to resorts and the National Accreditation Board for Hospitals & Healthcare Providers (NABH) accredited wellness resorts.




Related News.
Comments.