Financial Daily from THE HINDU group of publications
Saturday, Nov 29, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - Tourism


Sahara to make Sundarbans global tourist destination

Our Bureau

Kolkata , Nov. 28

THE Sahara group today signed a Memorandum of Agreement (MoA) with the West Bengal government for implementing a tourism project in the Sundarbans that with make it a global destination.

Talking to reporters after the signing of documents at the State secretariat, Mr Subrata Roy, Sahara's Chief Managing Worker and Chairman, said that work on the project was likely to start this winter after getting the environment clearances from the State government and the Centre. "We have already had informal talks but now we would start talks formally," he said. The agreement was signed by Mr R.K. Tripathi, West Bengal Tourism Secretary and Mr O. Dixit, Director of Sahara.

He said that Sahara was very conscious of its responsibilities on the environmental front and would do everything possible not only to preserve it but also to enhance the fragile environment in the world's largest delta.

"We will make it a global destination," he said.

Mr Buddhadeb Bhattacharjee, Chief Minister of West Bengal, said that the State cabinet has taken a decision to provide the Sahara group with land necessary for this Rs 500 crore project. The MoA was signed today on the basis of the final report prepared by the group. The project would be a joint venture between Sahara India Tourism Development Corporation and the West Bengal government.

Mr Roy said that the project which would be implemented in phased manner will need a total of 25 square km of area. Most of the project would be located on floatels which would be constructed with overseas help. "We are not averse to using the expertise of India companies but we will not compromise on quality," Mr Roy said.

It may be mentioned that of the 102 islands in the Sundarbans area, 54 have no forest cover. The Sahara project is proposed to be located mostly in the buffer area of the Sundarban Tiger Reserve according to the DPR submitted to the Government.

Of the project cost, about Rs 300-crore is proposed to be spent on creating basic facilities with the remaining being spent on developing the land. Mr Roy was unwilling to comment on the funding pattern but it was likely to be a mix of internal resources, equity and borrowing and the timeshare approach.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Kannur district joins `deficient rain' list


EPFO trustees seek to scrap minimum age for pension
`Excise duty cut can lift PC sales'
`Excise dispute settlement panel working well'
Rising wheat prices may spell end of party for biscuit cos
EU must engage with new India: Sinha
`Latvia can serve as gateway to tap EU markets'
Multilateral pacts have priority over RTAs: EC
Bilateral trade treaties posing threat to vanaspati, plastic industries
GEAC allegations over Shankinase — Shantha Bio says it followed procedures
Lab at your doorstep
AIDS awareness rally
To curb adulteration of diesel — Govt to control kerosene import, bans private firms
Prices fixed for 19 pharma formulations
Pharma cos urged to cut prices for Govt AIDS programme — Announcement likely on Sunday
LNG to Kayamkulam plant — NTPC bids to ink pact with KSIDC
Subhas Projects forms business unit for power
`Small, medium scale units crucial in supply chain'
Two Microsoft products for small businesses
Defence majors eyeing SSIs to outsource components
Naidu seeks time to respond to TN request for water
Kerala: Water level declines marginally in reservoirs
Niche channels to jostle for viewer attention
Govt irked by Trendz TV content
Over 100 varsities to take part in `Education Worldwide' expo
SIS software for US hospitals
Joys Hospital opens new unit
Tamil Nadu Chamber urges for more sand sale points
Focus on genetic literacy, RGCB told
Bright future ahead for composite tech
Divestment Ministry says no to dissolving IOC cross holdings
EU strategy paper to relaunch Doha talks
Credit plan for Sivaganga
World Day of Disabled
Hyderabad engagements
Submissions of transaction details to I-T dept — Coimbatore bankers in cleft-stick
Soyameal exports face wagon hurdles
Chinese team seeks relaunch of air link to boost tourism
Sahara to make Sundarbans global tourist destination
ISO certification programme
`Select Essays on Indian Economy'


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line