India: Odisha welomes foreign investment into Samuka Beach

India: Odisha welomes foreign investment into Samuka Beach

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The Odisha government has further opened up its tourism sector for private investments from within and outside India. The state government, which is holding roadshows to attract investments, is offering a slew of incentives for private investments in tourism development, including allotment of land on priority basis and five per cent interest subsidy on hotel projects. “We are the only state that is offering interest subsidy on hotel projects. Major hotel chains are in talks with us to set up projects in the state,” J K Mohanty, Member, Odisha State Tourism Advisory Board, was quoted as saying in a report in The Hindu Business Line.

The hotel chains that are showing interest in the state include Radisson Hotels, JW Marriott and ITC Hotels. “About six to seven projects are in discussion stage for projects at Samuka Beach, where we have about 1,000 acres of land. We expect a few four- and five-star hotel projects to take off soon,” he said.

The Tourism Department is focusing on the Buddhist circuit, planning the second International Buddhist Conference at Udaygiri-Ratnagiri complex in Feburary 2014.

“Apart from this, the state government has collaborated with the Indian Railways to bring a special luxury train named Mahaparinirvana Express from Delhi next month to connect all major Buddhist centres of India with the Buddhist circuits of Odisha,” Utpal Pati, Deputy Director, Odisha Department of Tourism, said. He added that Odisha attracted 90 lakh domestic and 64,000 foreign tourists last year, but there was potential to increase the tourist flow further.

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