Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SEBI’s new category with 5–30 year tenure
    • Long-term life cycle mutual funds get Sebi approval
    • HDFC vs. Parag Parikh vs. Franklin: Which flexi cap fund should be your core portfolio bet? – Money Insights News
    • How gold and silver will be valued in ETFs after SEBI’s rule change — Edelweiss expert explains
    • Understanding Single-Stock ETFs: Risks & Benefits Explored
    • Sebi overhauls mutual fund classification, introduces life-cycle funds, scraps solution-oriented schemes
    • Big Shake-Up in Mutual Funds! SEBI Scraps Solution Funds, Introduces Life-Cycle Category | 5 Changes Explained
    • Ireland the ‘engine room’ as value of Europe’s ETFs hits €2.7 trillion
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»AP Secures ₹10,644 Crore In Tourism Investments
    Investments

    AP Secures ₹10,644 Crore In Tourism Investments

    September 27, 2025


    VIJAYAWADA: The Andhra Pradesh government is rolling out ambitious plans for marine tourism development, according to tourism, culture, and cinematography minister Kandula Durgesh. He said the sector is being placed on a growth track under the leadership of Chief Minister Nara Chandrababu Naidu and Deputy Chief Minister Pawan Kalyan. Speaking in the Assembly on Saturday, Durgesh detailed the initiatives taken over the past 15 months to revive the tourism sector, which he said had suffered setbacks due to the “short-sighted decisions” of the previous government.

    He revealed that the government had signed MoUs with 103 companies, attracting investments worth ₹ 10,644 crore into the tourism sector. Of these, projects worth ₹3,887 crore have already commenced, resulting in the creation of 2,848 hotel rooms. Currently, Andhra Pradesh has 19,500 hotel rooms, with a target to scale this number up to 50,000 by 2029.

    We are focusing on hotels, resorts, theme parks, eco and adventure tourism projects, as well as wellness retreats to make AP a global tourism hub,” he said, adding that employment generation is being prioritised with special incentives under the state’s 2024–29 tourism policy,” he said.

    The minister announced that plans are in place to develop Motupalli and the historic Veerabhadra Swamy temple as tourist hubs, while also enhancing connectivity and amenities at nearby beaches.

    He assured that district-level action plans, under the collector’s supervision, would be launched to expedite basic infrastructure development in coastal areas. Chirala MLA Madduluri Malakondayya expressed satisfaction over the minister’s response to marine tourism along the Chirala coast.

    Assembly speaker Ch. Ayyanna Patrudu suggested studying the successful Goa tourism model and replicating it in Andhra Pradesh. The minister promised to constitute a committee for this purpose.

    Regarding rural and adventure tourism, Kandula Durgesh announced the establishment of 10,000 home-stays in rural and tribal areas, which he said would enhance livelihoods, provide visitors with an authentic cultural experience, and promote eco-tourism.

    The minister added, “Caravan tourism is also being introduced to serve regions where hotels are not immediately feasible. Recent initiatives include hop-on hop-off double-decker buses in Visakhapatnam and adventure sports projects across coastal belts such as Visakhapatnam, Kakinada, and Chirala.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    How To Optimise Your Investments Using Mutual Funds Calculator

    February 26, 2026

    Reliance’s $110 bn AI investments seen back-loaded over 7 yrs, ETTelecom

    February 23, 2026

    Thriving Investments appoints fund manager

    February 21, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How gold and silver will be valued in ETFs after SEBI’s rule change — Edelweiss expert explains

    February 27, 2026

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    SEBI’s new category with 5–30 year tenure

    February 27, 2026

    Business DeskLast Updated: 27 February 2026, 12:50 PM ISTSEBI launches Life Cycle Funds with glide…

    Long-term life cycle mutual funds get Sebi approval

    February 27, 2026

    HDFC vs. Parag Parikh vs. Franklin: Which flexi cap fund should be your core portfolio bet? – Money Insights News

    February 27, 2026

    How gold and silver will be valued in ETFs after SEBI’s rule change — Edelweiss expert explains

    February 27, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    India 10-yr bond yield to drop to 3-yr low of 6.3% by March, TT International’s executive says

    October 11, 2024

    Tradr Launches 2X Single-Stock ETFs On CleanSpark, Centrus, Coherent – Cleanspark (NASDAQ:CLSK)

    February 24, 2026

    DTCC Lists 5 Spot ETFs as Ripple Price Shows Higher Highs Pattern

    November 9, 2025
    Our Picks

    SEBI’s new category with 5–30 year tenure

    February 27, 2026

    Long-term life cycle mutual funds get Sebi approval

    February 27, 2026

    HDFC vs. Parag Parikh vs. Franklin: Which flexi cap fund should be your core portfolio bet? – Money Insights News

    February 27, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.