Karnataka chief minister BS Yediyurappa on Sunday unveiled a new agricultural and a rural-themed tourism policy in order to give fillip to the sector in the state. It thereby seeks to increase the sector’s contribution to the state from 14.8% to 20% of the Gross State Domestic Product (GSDP) by 2025.
The new policy seeks to lure investments worth around ₹5000 crore and to create one million direct and indirect jobs over the next five years. “Agri Tourism and Rural Tourism are the core tourism themes of the Policy with the objective to promote not just agricultural and farming activities but also various aspects of rural life in Karnataka such as local cuisine, culture, traditions, arts etc,” the government stated.
In addition, Karnataka has also announced a new industrial policy with the intention to spur investments and employment in the state. Under the proposed scheme, the state government aims to spend ₹409.5 crores in subsidies staggered over the next five years of the policy period. It aims to attract a minimum ₹2789 crore ($372 million) and around 190 tourism projects in the state.
You must be logged in to post a comment.
Stay ahead in the dynamic world of trade and commerce with India Business & Trade's weekly newsletter.