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.
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.