Gujarat government has decided to build several new hotels across Gujarat through a new Special Purpose Vehicle (SPV) - Gujarat Tour Development Company(GTDC) and private hotel developers. Both GTDC and the private players will have 50 per cent stake in the initiative aimed at boosting the fast growing tourism sector after a successful advertisement campaign featuring super star Amitabh Bachchan.

The government has cleared a proposal for the new SPV and also approved Rs.100 crore seed money for the said initiative. Vipul Mittra, principal secretary, tourism department said, "To meet the heavy response to our tourism ad campaign, we felt the need of developing new hotels and other facilities like resorts and theme parks at major tourist places. We have felt that despite huge flow of tourists, investors are still skeptical in starting facilities at places like Dwarka, Saputara etc.''

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