NEW DELHI(PTI): Foreign equity investments worth 150 million dollars has been approved by the Government in the tourism sector for setting up joint venture hotel and allied projects.
The cleared projects cover aver 65 joint venture projects in different segments of the tourism industry. The actual investment in the projects is expected to be over three times, the 150 million dollar as it covers only equity.
The government is planning to extend export promotion of capital goods scheme to tourism industry.
Article extracted from this publication >> March 25, 1994
