FHRAI Welcomes Andhra Pradesh’s Tourism Policy 2024-29 as a Transformative Step for Growth

FHRAI Welcomes Andhra Pradesh’s Tourism Policy 2024-29 as a Transformative Step for Growth

  • FHRAI hails the Andhra Pradesh Tourism Policy 2024-29, commending its vision of establishing the state as a premier global tourism destination.
  • The policy grants Industry Status to the tourism and hospitality sector and introduces key incentives like stamp duty reimbursements, capital subsidies, and operational benefits.
  • Power at industrial rates and electricity duty exemption for five years. 100% SGST reimbursement for up to 15 years based on project scale.
  • Ambitious targets include boosting tourist spending, extending stay durations, and increasing the room inventory from 3,500 to 10,000 under the classified category.
  • Focused on sustainability, it features eco-friendly practices, improved infrastructure, and simplified approval processes to attract private investments of ?25,000 crore.
  • Sustainable initiatives such as zero-emission zones, Blue Flag-certified beaches, and green-certified accommodations are central to its vision.
  • Skill development programs to empower local communities in hospitality, eco-tourism, and niche sectors like MICE (Meetings, Incentives, Conferences, and Exhibitions).

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India, 9 Jan,25 The Federation of Hotel and Restaurant Associations of India (FHRAI), the world’s third-largest hospitality association, has welcomed the Andhra Pradesh Tourism Policy 2024-29, lauding it as a visionary move to transform the state’s tourism landscape. By fostering a conducive investment climate, bolstering infrastructure, and promoting sustainability, the policy seeks to elevate Andhra Pradesh as a global tourism hub while ensuring economic growth, cultural preservation, and community empowerment.

Read Full Article - https://hospitalitytipoftheday.com/2025/01/09/fhrai-welcomes-andhra-pradeshs-tourism-policy-2024-29-as-a-transformative-step-for-growth/

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