Maharashtra Tourism to build ‘luxury resorts’ in Kashmir post abrogation of Article 370

Mumbai | Maharashtra government has approved the Maharashtra Tourism Development Corporation’s (MTDC) plan to construct two luxury resorts in Jammu and Kashmir.

the central government had assured states that it will work in tandem with states which are keen on carrying out development work in Jammu and Kashmir.

According to multiple reports, Rs 2 crores have been assigned for each resort.

“We are planning to open a resort near Srinagar and to open a mountaineering institute near Ladakh. In the next 15-20 days a team would go there to find suitable sites,” Jaykumar Rawal, Maharashtra Tourism Minister was quoted as saying by news agency ANI.

Earlier, news agencies had reported that the Maharashtra government had expressed interest in purchasing land in Jammu and Kashmir.

“I would like to welcome the abolition of Article 370. It gives immense opportunity to Maharashtra Tourism Development Corporation. As a company, we look at opportunities where we can build resorts. We find that in Kashmir and Ladakh, two new opportunities have opened up. MTDC would be interested in buying properties, investing in hotels and hospitality segment in Kashmir and Ladakh,” tourism minister and Chairman of MTDC Jaykumar Rawal was quoted as saying by news agency ANI on August 6.

“We are looking at a full resort with three-four star facilities. We have a lot of tourists from Maharashtra travelling to Jammu and Kashmir. People are very excited with the idea of safely travelling in Kashmir,” he had further said.

Centre is looking for new business opportunities post the scrapping of Article 370 in Jammu and Kashmir. It is reportedly all set to host a global summit to attract investments of about Rs 10,000 crores.

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