Gujarat government is going to offer sops to entrepreneurs who want to set up new tourism-related units. According to a report in TOI, officials in the state tourism department said that the government has finalised two sets of incentives for tourism developers. "The incentives will be available for five years and only to new units," a senior official said.

"The state finance department has cleared a proposal to provide an interest subsidy of four per cent up to a maximum amount of Rs 50 lakh to units that will be set up across Gujarat," the official said, adding, "Another incentive looks at providing 15 per cent subsidy in electricity duty on industrial rate. Until now, tourism units were being charged commercial rates."

The incentive package will be available to entrepreneurs wanting to set up all types of tourism-related units, including hotels, motels, resorts, health farms, wellness spas, amusement parks, golf courses, picnic spots, tented accommodations, exhibition complexes and so on. "Those owning heritage buildings and wanting to convert them into hotels with minimum 15 rooms too will get sops," the official said.

(You need to login first to read complete news).
New User? Register for FREE!
» Back to Travel News