Success in my Habit

Wednesday, April 11, 2012

APTDC to invest Rs 300 cr in nine hotel projects


Hyderabad: The Andhra Pradesh Tourism Development Corporation is investing Rs 300 crore to implement nine hotel projects and develop new facilities, including three eco-tourism sites.

The State-owned corporation registered revenues of Rs 140 crore during 2011-12 up from Rs 115 crore in 2010-11, Mr Sandeep Kumar Sultania, Vice-Chairman and Managing Director, APTDC, said.

Interacting with Business Line, Mr Sandeep Sultania said the State attracted over 15.5 crore tourists last year, which is about 21 per cent of the total tourist traffic in the country.

“We have taken up several sites including Kuchipudi, Pembarthi and Srikalahasti for devlopment as rural tourism sites. These are getting popular. The Corporation has bagged a national award for one such site,” he said.

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