Incentives to investors in AP Tourism

The Government of AP has already notified Andhra Pradesh Tourism Policy 2015-20 which is the best policy in the country, providing several incentives to investors for taking up tourism infrastructure projects and services.

Incentives to investors in AP Tourism

1. Land rentals are fixed at 2% of basic market value for investors, which is the lowest in the country.

2. VAT slab has been reduced to 5% for hotels and resorts which is also the lowest in the country.

3. Three-year tax holiday has also been provided on Luxury and Entertainment tax for investors.

4. Complimentary infrastructure for last-mile connectivity will be developed by the state government for tourism projects.

5. We have prepared a Shelf of Projects wherein we have identified about 700 projects under 9 themes and 42 sub themes as part of new tourism policy.

6. These projects would attract about Rs. 18,000 crore worth investments in next 5 years.

• Power is one of the essential ingredients of development. To this end, we have undertaken massive initiatives to bring the power situation in the state to a level where 24X7, reliable and quality power is available to all.

• Further, the Andhra Pradesh State Skill Development Corporation (APSSDC) will help in creating a significant base of skilled workers, adding to the already massive skill base available in the state.