Financial Daily from THE HINDU group of publications
Wednesday, Nov 09, 2005
Financial Daily from THE HINDU group of publications Wednesday, Nov 09, 2005 |
|
|
|
|
|
|
|
Industry & Economy
-
Tourism State signs pact for Rs 2,000-cr tourism project in Vizag Our Bureau
Hyderabad , Nov. 8 THE State Government has signed a pact on Tuesday with a tourism infrastructure company to take up the Rs 2,000-crore `Destination Vizag' project along the beach. The project, covering 1,000-2,000 acres, is aimed at setting up world-class hospitality, leisure, lifestyle and entertainment facilities on the beach. Once completed, the project would help attract 45,000 foreign tourists more into the State. It would bring in foreign exchange to the tune of Rs 550 crore a year, a Government release said. Besides, it would generate revenue to the order of Rs 112 crore for the local economy. A memorandum of understanding between the representatives of the Department of Tourism and Vizag Beach Resorts Pvt Ltd was signed in the presence of Chief Minister, Dr Y.S. Rajasekhara Reddy. The project would comprise a five-star hotel, beach resort, golf courses, health spa, theme parks, convention and exhibition centres, multiplexes, mega shopping malls, marine helicopters and sea planes, the release added. The project would also take up community development activities in Visakhapatnam. It would take up cleaning and maintaining the 30-km coastline, improve amenities in the local community clusters, and spruce up the existing Zoological Park.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, 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
|
