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KERALA TOURISM NEWSLETTER

Tourism Investors’ Meet in Kerala Bags Investment Offers over Rs 15,000 crore

Kerala has pocketed investment offers worth Rs 15,116.65 crore in the core sector at the maiden Tourism Investors’ Meet (TIM), held in the capital city of Thiruvananthapuram.

This includes a Memorandum of Understanding between Kerala Tourism and Tamara Leisure Experiences on a Rs 250-crore houseboat hotel project which the Bengaluru-based hospitality group will execute in Alappuzha and Kannur districts. 

The Tourism Department will also set up a dedicated facilitation centre, which will be headed by the Tourism Secretary. The centre will carry out time-bound actions as a follow-up to the outcomes of the deliberations and business meetings at the TIM.

There will also be a co-ordination committee, led by the Tourism Director, in association with the secretaries of various departments. The committee will have the power to intervene if any projects face issues, Tourism Minister Mr P.A. Mohamed Riyas said.

The committee will hold regular ministerial meetings to keep track of the progress of the tour investment endeavours, he added.

TIM 2023 saw the participation of nearly 500 investors and entrepreneurs. These included 46 startups and 118 investors from the Responsible Tourism sector. A total of 75 projects were presented, of which 52 were from the private sector.

Besides the 23 projects proposed by the Tourism Department, 16 projects were mooted as public-private partnerships. Together, thirty-nine projects pitched for investment offers are worth Rs 2,511.10 crore. Twenty-one projects worth Rs 12,605.55 crore also won investment offers.