UP Govt signs MoU with Srei Advisory to rejuvenate Agra

Srei Advisory, a division of Srei Infrastructure Finance and the Department of Infrastructure and Industrial Development, Government of Uttar Pradesh, have signed an MoU to rejuvenate Agra as an iconic tourist-cum-holiday destination. The proposal is expected to attract investments of around Rs 25,000 crore in Uttar Pradesh. The project will accentuate Agra’s historical, cultural and heritage contours, promote lesser known monuments and temples, and expand tourists’ focal point from the Taj Mahal to all the three World Heritage sites in the city.
Dr Ratiranjan Mandal, Senior Advisor, Srei Advisory, said, “The Taj Mahal draws millions of tourists to Agra every year. Hence, we have a responsibility to ensure that the city is as good as you have heard. Also, the Taj Mahal is not the sole attraction. The legacy of the Mughal Empire has left a magnificent fort and several mausoleums. We would be interested in more such opportunities to develop holistic infrastructure facilities in the state.”
The project will create necessary infrastructure in hospitality, transport, city and river front beautification, logistic parks and warehousing with active support from the Government of Uttar Pradesh. The project is expected to commence operations in 2018-19, subject to necessary statutory approvals and clearances.