26 key players attend AP Tourism investor’s meet

In a bid to garner investments worth Rs 20,000 crore by 2029 for tourism projects in the state, Andhra Pradesh tourism department organised an investor’s meet which was attended by more than 26 key investors for multiple sectors like hotels, water sports, cruises among others on July 5. The department in a statement said that Andhra Pradesh is endeavouring to make the state an ideal destination for investments and facilitate ease of doing business. The tourism department also added that the progress of each project was reviewed with various departments and investors’ pending issues were resolved across the table. Investors such as ANI Technologies (Ola), Amaravati Tourism, Samudra Shipyard, Shore View Hospitality, Sky Choppers, Water Sports Simple participated in the discussions. Urging the investors to begin commercial operations at the earliest and assuring them of coordinated effort by all relevant government departments to ensure ease of doing business and faster project execution, Neerabh Kumar Prasad, Principal Secretary-Tourism, Government of Andhra Pradesh, said, “Time is ripe to fast track the execution of projects and ensure timely completion. We stand committed to extend our full cooperation to all investors to streamline the entire process.” He also informed that in total 33 new projects have taken off with an investment of Rs 2,400 crore which generate sizeable employment opportunities as well. The state has already seen investments from prominent hospitality brands such as ITC, Accor Group, Taj, JW Marriot etc. and has launched many water sports and adventure tourism facilities in Vijayawada along with some other places in the state.