MPSTDC to develop star hotels under PPP

The hotels (one to five stars) and resorts will come up at historical places of Mandu, Burahanpur and Chanderi under private-public partnership

Travel News
Travel News

To boost tourism in western Madhya Pradesh, the State Government has announced plans to develop star hotels and resorts in the region, which boasts of several attractions for the vacationers. 

The hotels (one to five stars) and resorts will come up at historical places of Mandu, Burahanpur and Chanderi under private-public partnership, an official release said here today. 

The Government has issued a notification to this effect. Madhya Pradesh State Tourism Department (MPSTD) will identify places in these cities for construction of hotels/ resorts. It will ensure luxurious and comfortable residential facilities are provided to tourists, it said. 

The Government will provide a subsidy of 25 per cent on investment up to Rs 3 crore for building a hotel/resort. On investment up to Rs 5 crore, it will give a grant equivalent to 20 per cent of the cost, or Rs 1 crore, which ever amount is lower. 

Similarly, on investment above Rs 5 crore, the Government will grant equivalent to 15 per cent of the cost, or Rs 1.5 crore, which ever is lower, the release said. 

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