23-05-2025
Land, incentives approved to firms investing in hotels and resorts in A.P.
Based on the recommendations of the State Investment Promotion Board (SIPB), the government has given its nod for grant of incentives to Bengaluru-based Shravanthi Hotels and Resorts for development of Ibis Styles 3-star and Novotel 5-star Cluster Hotel at Tirupati, as per the provisions of Andhra Pradesh Tourism Policy 2024-2029.
The government also allotted 12.7 acres of land in S.V. Puram, Vadamalapeta, Tirupati, and granted incentives to Odisha-based Bengal Ultimate Resorts LLP for development of 5-star resorts, as per the provisions of the Tourism Policy. Orders signed by the Special Chief Secretary, Tourism, Ajay Jain, were released to this effect on Thursday.
