3 months ago
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Tourism Minister Kandula Durgesh informed the Legislative Assembly connected Friday (March 6, 2026) that the TDP-led confederation authorities successful the State was keen connected establishing world-class amusement facilities and taxable parks successful Andhra Pradesh.
Responding to a query by Prathipadu MLA B. Ramanjaneyulu connected the connection to acceptable up a Disney world-style task successful 171.14 acres astatine Karnutala colony nether Vatticherukuru mandal of Guntur district, Mr. Durgesh said monolithic projects similar Disney World oregon Universal Studios necessitate an concern ranging from ₹35,000 crores to ₹60,000 crores. He explained that specified projects globally are managed by backstage organisations, portion the governments’ relation is constricted to providing land, indispensable clearances and subsidies.
The Minister said though the mean spending capableness of tourists successful India (₹20,000–21,000) is presently little than planetary standards, steps are being taken to marque these projects a world successful the future. Pointing to the information that Disney World and Universal Studios are located successful metropolitan cities similar Orlando and Los Angeles (USA), Tokyo (Japan), Paris (France) and Shanghai (China), helium said their constitution depends connected request and proviso and these projects are feasible successful those countries owed to precocious returns. “For specified projects to beryllium viable successful our country, tourer footfall and their spending capableness indispensable increase,” helium said.
The Minister said to pull large-scale investments, the authorities is offering fixed superior concern subsidies of 5–10%, up to ₹40 crores. Other incentives see 100% stamp work reimbursement, 100% exemption connected onshore usage conversion fees and reimbursement of energy costs astatine concern tariffs. Additionally, determination is 100% SGST reimbursement for 7–15 years, 50–100% reimbursement for EPF and ESI for 3 years and peculiar customised incentives for mega and ultra-mega projects connected a case-to-case basis, helium informed.
He said the Tourism Department is successful talks with companies similar Imagica and Wonderla, which run akin parks successful Mumbai, Bengaluru and Hyderabad and the firms person shown involvement successful projects successful Tirupati and Visakhapatnam. He said 3 of the 102 MoUs worthy ₹18,448 crores signed by the section astatine the caller Visakhapatnam Partnership Summit pertain to taxable parks.
