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Tourism Investors’ Summit: 5 states sign MoUs worth over Rs 12,800 crore

Five states, including Gujarat, signed MoUs worth over Rs 12,800 crore with various investors in tourism sector, on the concluding day of the Incredible India Tourism Investors' Summit.

By: | New Delhi | Published: September 23, 2016 10:56 PM
Tourism Secretary Vinod Zutshi announced the signing of the MoUs (Memorandums of Understanding) by Gujarat, Karnataka, Rajasthan, Uttrakahand and Chhattisgarh. (Reuters photo) Tourism Secretary Vinod Zutshi announced the signing of the MoUs (Memorandums of Understanding) by Gujarat, Karnataka, Rajasthan, Uttrakahand and Chhattisgarh. (Reuters photo)

Five states, including Gujarat, today signed MoUs worth over Rs 12,800 crore with various investors in tourism sector, on the concluding day of the Incredible India Tourism Investors’ Summit here.

Tourism Secretary Vinod Zutshi announced the signing of the MoUs (Memorandums of Understanding) by Gujarat, Karnataka, Rajasthan, Uttrakahand and Chhattisgarh.

He also said the ministry has decided to set up a task force, with representations from the states and other stakeholders, to take forward certain policy measures and attract more investment.

“We have information from five states. Gujarat has signed MoUs for investment worth Rs 8,795 crore, while Karanataka has signed investment proposals to the tune of Rs 2,595 crore,” Zutshi said.

The three-day Summit, which concluded today, was organised jointly by the Ministry of Tourism, Confederation of Indian Industry (CII) and Tourism Finance Corporation of India.

While Rajasthan and Uttrakahand signed proposals for investment worth Rs 955 crore and Rs 507 crore respectively, Chhattisgarh signed MoUs for investment to the tune of Rs 12 crore, Zutshi said.

The Tourism Ministry has decided to set up an investment desk, which will work as facilitator both for the investors and the states, he said.

The states have been advised to conduct investment meets for taking forward various proposals to logical conclusion, Zutshi added.

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