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New Maha tourism policy expects INR 300 billion investment

Maharashtra’s new tourism policy envisions an investment growth of upto INR 30,000 crore, as told by Chief Minister Devendra Fadnavis to the state assembly.

Fadnavis informed that the new tourism policy is expected to generate 10,000 new jobs and will focus on promoting private investments and accelerating project implementation through public-private partnership (PPP) model. The state cabinet has approved the policy at its meeting on March 8, 2016.

“We are promoting Maharashtra as the numero uno tourist destination by developing a robust tourism infrastructure and facilitating investment in the sector,” Fadnavis said.

To enhance global investment prospects in the sector, the new policy will also undertake initiatives to reach out to global investors’ community.

(PTI)