NRIs plan to invest USD 309 million in the hospitality sector

They want to invest more than half of the fund in the South Indian states of Kerala, Karnataka and Tamil Nadu

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To tap the tourism market in India, representatives of some major hotel brands attending the Pravasi Bharati Divas, have expressed their interest to invest $309 million in the next five years.

They intend on investing more than half of the capital in the South Indian states of Kerala, Karnataka and Tamil Nadu. Intercontinental Group, Marriot, Accor, Starwood, Premier Inn and Carlson Rezidor are among the majors investing in the sector.

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