Financial Daily from THE HINDU group of publications
Sunday, Jul 17, 2005
Financial Daily from THE HINDU group of publications Sunday, Jul 17, 2005 |
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Industry & Economy
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Hotels Variety - Sports Govt to allot land for 40 five-star hotels in Delhi Our Bureau
New Delhi , July 16 THE Government has decided to expedite the process of allocating land for 40 new five-star hotels in Delhi in expectation of huge tourist influx during the 2010 Commonwealth Games. Stating this at a national conference on `Is Law Keeping Pace with Growth of Travel and Hospitality Industry and Tourism - The Legal Framework' organised by the PHD Chamber of Commerce and Industry in New Delhi. Mr H.R. Bhardwaj, Union Minister for Law and Justice, said interactions with the Planning Commission are underway to identify and provide land for construction of hotels on priority basis. The Minister added that the private sector should concentrate on constructing hotels instead of townships as these hotels will add to the hospitality industry on a long-term basis. He said it was time for the travel industry to be more proactive to promote India as a prime tourist destination. It is a positive indicator that many new and seasoned groups have committed investments worth Rs 100,000 crore for their operational and capacity expansion.
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