Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Investors Pull $643 Million From Bitcoin ETFs After the Biggest Crypto Hack in History
    • Spot Bitcoin ETFs shed $643 million in a day as Ethereum funds lose $156 million
    • SEBI makes direct mutual fund plans default, pushes transparency on costs and commissions
    • Is Vanguard Small-Cap Growth Index Admiral (VSGAX) a Strong Mutual Fund Pick Right Now?
    • RBC Global Asset Management Inc. announces October 2026 cash distributions for ETF Series of RBC Funds
    • Crypto ETFs Already Go Far Beyond Bitcoin. The SEC Wants to Know If Its Rules Have Kept Up
    • Over 63% of retail mutual fund AUM is in regular plans: Why is SEBI pushing direct plans? Experts explain pros and cons
    • 5,500 ETFs and Counting: Where the Market Goes Next
    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

    Precinct Properties Investments (NZSE:PCT) Stock May Be 24% Below Fair Value On Cash Flow

    October 30, 2026

    PE/VC investments jump 46% to $17.1 billion in Q3 on large deals

    October 29, 2026

    Google says its investments in AI are driving more searches

    October 28, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Investors Pull $643 Million From Bitcoin ETFs After the Biggest Crypto Hack in History

    October 31, 2026

    Spot Bitcoin ETFs shed $643 million in a day as Ethereum funds lose $156 million

    October 30, 2026

    Flexi-cap mutual funds: Only 4 out of 37 funds delivered 8%+ SIP returns in 3 years. How did your fund perform?

    October 22, 2026

    Single-Stock ETFs Explained: The Fastest-Growing — and Riskiest — Corner of the ETF Market

    August 3, 2026
    Don't Miss
    ETFs

    Investors Pull $643 Million From Bitcoin ETFs After the Biggest Crypto Hack in History

    October 31, 2026

    Investors pulled $643.33 million from US spot Bitcoin ETFs on October 30, according to SoSoValue…

    Spot Bitcoin ETFs shed $643 million in a day as Ethereum funds lose $156 million

    October 30, 2026

    SEBI makes direct mutual fund plans default, pushes transparency on costs and commissions

    October 30, 2026

    Is Vanguard Small-Cap Growth Index Admiral (VSGAX) a Strong Mutual Fund Pick Right Now?

    October 30, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Most Income Investors Have Never Heard of These 3 ETFs Paying 8 to 12 Percent Every Month

    July 24, 2026

    Understanding arbitrage funds: Strategy, returns, benefits, risks and key considerations

    June 21, 2026

    ETFSwap (ETFS) Surges 1,000% With Spot Ethereum ETFs Approval, Bitcoin (BTC) And Solana (SOL) Lag Behind

    July 20, 2024
    Our Picks

    Investors Pull $643 Million From Bitcoin ETFs After the Biggest Crypto Hack in History

    October 31, 2026

    Spot Bitcoin ETFs shed $643 million in a day as Ethereum funds lose $156 million

    October 30, 2026

    SEBI makes direct mutual fund plans default, pushes transparency on costs and commissions

    October 30, 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

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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