SRINAGAR Secretary Tourism Department Tuesday informed that Ministry of Tourism, Government of India has launched a scheme, Viability Gap Scheme for tapping and encouraging private investment in Tourism Sector on Public-Private Partnership (PPP) mode.
In this regard, the Secretary said that private companies intending to make investment under PPP mode can contact the office of Directorate of Tourism Jammu/Kashmir and Chief Executives Officer of various Development Authorities of Tourism Department.
The scheme would involve investment in infrastructure used by tourists and earning revenue through levy of fee or user charges on the visitors.
Revenue generating tourism projects are Cable cars, Ropeways, Amusements Park, Theme Parks, Heli Tourism, Spas, convention Centres, inland waterway ferries etc.
The Tourism projects promoted by stand-alone Private Company incorporated and existing under the Companies Act 2013 is eligible to make an investment under PPP mode.
Follow this link to join our WhatsApp group: Join Now
Be Part of Quality Journalism |
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast. |
| ACT NOW |
| MONTHLY | Rs 100 |  |
| YEARLY | Rs 1000 | |
| LIFETIME | Rs 10000 | |
