3 months ago
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Andhra Pradesh Tourism Minister Kandula Durgesh has invited investors to acceptable up amusement parks, taxable parks, h2o parks and escapade zones successful the State.
Speaking arsenic the main impermanent astatine the 24th expo organised by the Indian Association of Amusement Parks and Industries (IAAPI) successful Mumbai connected Tuesday (March 10), the Minister highlighted the State government’s imaginativeness to alteration Andhra Pradesh into a large tourism and amusement hub. He said the State has accorded concern presumption to tourism, and done the caller Tourism Policy 2024–29, respective incentives are being offered to pull investments.
Mr. Durgesh said Andhra Pradesh offered immense imaginable for processing international-standard taxable parks, waterfront attractions and escapade tourism projects. With its agelong coastline and affluent taste heritage, the State was committed to strengthening its tourism system and creating a favourable situation for the amusement sector.
He said infrastructure improvements specified arsenic airdrome expansion, amended proscription facilities and expanding urbanisation had made Andhra Pradesh an charismatic destination for investments and the “Swarna Andhra Tourism Vision 2047” was formulated to usher the semipermanent improvement of the sector.
The onshore allocation process for hotels, resorts and taxable parks had been simplified and investments exceeding ₹50 crore would person onshore allocation done the State Investment Promotion Board (SIPB), helium said, informing that successful the past 1 twelvemonth alone, the State had attracted ₹18,448 crore successful tourism investments done 102 agreements.
The Minister specifically invited investors to make mega amusement parks successful Amaravati, Visakhapatnam, and Tirupati, describing Amaravati arsenic a greenfield superior with important potential, Visakhapatnam arsenic a premier coastal tourism hub and Tirupati arsenic an perfect destination for household amusement projects owed to the ample fig of visiting pilgrims. He besides emphasised the value of small-scale amusement parks successful Tier-2 and Tier-3 cities, stating that they tin conscionable increasing recreational needs with little investment, faster completion timelines and quicker returns.
Observing that the amusement manufacture successful India was increasing astatine astir 15% annually and was expected to scope ₹25,000 crore by 2030, helium said determination were astir 300 amusement parks and 2,500 indoor amusement centres presently operating successful the country.
He said Andhra Pradesh tourism was entering a caller signifier of growth, supported by argumentation reforms, infrastructure improvement and investor-friendly governance and invited investors to spouse with the authorities successful gathering a vibrant tourism economy.
