Tourism dept invites private sector to invest in revenue generating projects

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SRINAGAR: For tapping and encouraging private investment in tourism sector on public-private partnership (PPP) mode, Ministry of Tourism, Government of India has launched ‘Viability Gap Scheme’, informed Secretary Tourism Department on Tuesday.
The secretary said that private companies intending to make investment under PPP mode can contact the office of Directorate of Tourism Jammu/Kashmir and chief executive officers of various development authorities of tourism department, read an official handout.
The scheme would involve investment in infrastructure used by tourists and earning revenue through levy of fee or user charges on the visitors, it read.
Revenue generating tourism projects are cable cars, ropeways, amusement parks, theme parks, heli tourism, spas, convention centres, inland waterway ferries, etc.
The tourism projects promoted by stand-alone private company incorporated and existing under the Companies Act 2013 is eligible to make an investment under PPP mode, it read.