Around 150 hectares of land has been identified by MP Tourism Board in Indore and nearby areas for private investment. The investment will be made into various sectors ranging from wellness centres, resorts to adventure activities.
The tourism board has located land parcels in the region that will be given to potential investors to pump in investment and generate local employment.
Indira Sagar reservoir in Khandwa, bank of Narmada river, Alirajpur and Gandhi Sagar reservoir in Mandsaur are few of the lands in the region which have been identified to call for private investment.
The state has immense potential for tourists. The amended policy will further add a cherry on the cake in developing the state. The investments made by the private industries will result in resorts, centres and recreational activities in the state.
A land bank of around 1000 hectare has been created across the state, of which around 96.85 hectares have already been allotted to 19 investors with a proposed investment of Rs 395.45 crore.
These regions will be allotted to investors to build hotels, resorts, adventure and water sports zone and convention centres.
Other than this, a luxury resort and two other players have been allotted land at Mandu to build hotels.
Eyeing investment in the tourism sector, the state government has amended the tourism policy in 2019 with extended benefits and subsidies to lure investors.
The state with a 4.5 per cent share of domestic tourists visiting every year is planning to develop the tourism infrastructure to become the top five Indian states in tourism.
As per the board, Patakhali in Khandwa and Juna Kathhivada in Alirajpur are already on bid while Imlani Island, Lachhoramal Island, Najarpura Island and Kasrawad Island at Khandwa will be offered to investors proposing an investment of Rs 100 crore and above.
We are so glad seeing Indore progress day by day. What are your thoughts?
Also, read our blog on Mandu might become a Foreign Destination soon, here