Financial Daily from THE HINDU group of publications
Friday, Aug 27, 2004
Financial Daily from THE HINDU group of publications Friday, Aug 27, 2004 |
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Corporate
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New Projects Industry & Economy - Tourism CGH group to sign MoU with Karnataka C.J. Punnathara
Kochi , Aug. 26 WITH one of its foot firmly established in Kerala's territory, the CGH group of hotels is extending its ambit of operations into Karnataka in a big way. And, Karnataka is emulating Kerala's pioneering public/private initiative to harness the latent tourism potential lying dormant in that State. On Friday, the CGH group of hotels will sign an MoU with the Karnataka Tourism Department in Bangalore, for developing a heritage resort property at world heritage site of Hampi. It will be a joint venture with the Karnataka State Tourism Development Corporation, where the State's equity will be in the form of 14 acres of prime land in the backdrop of the world famous Hampi site, Mr Jose Dominic, Managing Director of CGH group, told Business Line. The ruins of the Vijayanagara empire lying at Hampi have been declared a world heritage site by UNESCO and we will extend our core values of environment and community to our new initiative, Mr Jose Dominic said. The group was chosen among several competitors, through a transparent process of submitting technical and financial bids.
More Stories on : New Projects | Tourism | Hotels | Kerala
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