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MP Tourism launches online investor portal

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Cultural performance at MP Tourism event

In order to explore more investment opportunities, Madhya Pradesh (MP) Tourism recently launched an online investor’s portal dedicated towards spreading knowledge and awareness about the various investment opportunities available in the tourism sector in the state. Highlighting the need for more investment, Shivraj Singh Chouhan, chief minister of MP appealed to private investors to tap the potential of the state with its unmatched offerings and diverse attractions which require attention and need to be developed to attract more tourists.  MP has identified land banks at key destinations including the famous Indira Sagar Lake for developing tourism products like hotels and resorts, with private participation. Elaborating on the  incentives being offered to investors, Anthony DeSa, chief secretary, MP informed that the investment policy guarantees certain general incentives for investors across industries, as well as few sector specific incentives as well. “Land will be given on lease for 30 years to investors who approach the government with viable propositions. The lease period can be extended to 50 years in special circumstances,” he added.