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HomeNewsStatesMadhya Pradesh creates land bank to draw investment

Madhya Pradesh creates land bank to draw investment

Madhya Pradesh is an attractive destination from investment point of view and the government has taken multiple initiatives to make the state an investment friendly destination. Madhya Pradesh as a state has good amount of land parcels and heritage properties for private investments which is been promoted by the state on various platforms in the recent past.

The newly constituted Tourism Board has taken one such step for development of tourism and to attract private investors for effective implementation of Tourism Policy. The Tourism Board has procured above 849.077 hectare land for the Tourism Department at 144 places of 49 districts of the state and created a land bank for tourism projects in Madhya Pradesh. Besides this, at 71 points, additional 432 hectare land has been identified. Land procurement is in process and soon it will be transferred to the Tourism Department. Amidst land bank 60 hectare land allotted to 16 private investors which generated a premium of Rs 23.50 crore.

Minister of State for Tourism (I/C) Surendra Patwa informed that the state has been segregated in five tourism regions and potential of private investment has been identified. In Indore region, Indore, Dhar, Khanwa, Burhanpur, Khargone, Badwani, Alirajpur, Jhabua, Ujjain, Ratlam, Dewas, Agra Malwa, Mandsaur and Neemuch district in 43 areas around 233 hectare land has been transferred to Tourism Department by the Board. Besides this, in these districts additional 17 areas have been identified for procurement and are in process.

In Jabalpur Region, land has been identified in Jabalpur, Katni, Narsinghpur, Chhindwara, Seoni, Mandla, Balaghat, Dindori, Shahdol, Umaria and Anuppur district at 28 areas around 82 hectare land has been transferred, while at 10 points 32 hectare additional land has been identified for land acquisition. Similarly, in Bhopal region at 33 points around 135 hectare land has been transferred in Bhopal, Sihore, Rajgarh, Vidisha, Raisen, Hoshangabad, Betul, Harda districts.

In these districts at 16 points, around 82 hectare additional land has been identified. In Gwalior region for development of tourism around 111 hectare land at 15 points has been transferred while in districts of Gwalior, Guna, Shivpuri, Ashok Nagar, Sheopur, Morena, Bhind and Teekamgarh around 32 additional land at 10 points have been identified by the Board. Similarly, in Rewa area at 25 area around 285 hectare land has been transferred by the Board for tourism development inviting private investment in districts of Rewa, Sidhi, Satna, Singrauli, Sagar, Chhatarpur, Panna and Damoh.

As additional 24 hectare land in 71 points have also been identified. Through land bank private investors under land transfer policy under Tourism Project 94 hectare land in 19 land plots for Hotel, Resorts and other establishments’ tenders have been invited. In this noted groups like Mahendra Holiday, Orange County, State Express, JahanumaPalce Hotel, Gen-X Hotel, Sristi Ventures have been included.

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