Face2News/Chandigarh
An Investors Meet was successfully held at Chandigarh under the aegis of Punjab Infrastructure Development Board (PIDB), with a focus on attracting investments in tourism and hospitality infrastructure projects through enhanced Public-Private Partnership (PPP) in the State of Punjab.
The event brought together key stakeholders, including government officials from PIDB and proponent departments of Tourism & Cultural Affairs and Housing & Urban Development, prospective project investors and developers, and transaction advisors to present and discuss a portfolio of potential tourism and hospitality projects. The aim was to create investment opportunities and foster sustainable growth in the tourism and hospitality sector through private sector participation.
Key highlights of the Investors Meet included:- Presentation of the upcoming 06 tourism and hospitality projects on PPP to gauge and attract investor interest such as Development of Urban Ropeway Project in Amritsar, Development of Heritage Hotel at Aam Khas Bagh, Sirhind, Development of Pinkcassia Tourist Complex at Aam Khas Bagh, Ropar, Development of Heritage Hotel at Darbar Hall, Kapurthala, Development of Convention Center cum Exhibition Center at Mohali and Development of Convention Center cum Exhibition Center at Ludhiana.
In this meet, discussions were held on project feasibility, timelines, and statutory clearances. Deliberations on PPP frameworks, including competitive bidding mechanisms and revenue-sharing models. Emphasis on creating bankable and investor-friendly project terms. Encouragement of investor feedback to help refine and customize project conditions for larger participation.
The meeting served as a platform to initiate meaningful dialogue between the public and private sectors, with the ultimate objective of boosting tourism and hospitality infrastructure and enhancing the overall visitor experience in Punjab.
The government reaffirmed its commitment to facilitating a transparent and supportive environment for investors and looks forward to continued collaboration with the private sector in developing world-class tourism and hospitality infrastructure.
