Mumbai: To give a push to tourism sector in
Gujarat, the state Government is in process of setting up a
venture capital fund, a senior state government official said
here today.
"We are in advance stage of setting up a venture capital
fund in collaboration with private partners to boost tourism
in the state," state Tourism Secretary Vipul Mitra told
reporters here.
The proposed fund, which will be set up on a 50:50
partnership between the state government and private sector,
plans to invest in several tourism projects in the state.
The Government has received a good response for
Expressions of Interests, which it invited last year, to
invest in the fund, he said.
Though Mittra declined to divulge the fund size, it is
understood that the fund would be to the tune of Rs 500 crore.
He also said the State Government was working on a new
tourism policy to promote tourism in the state on a large
scale.
"We are working on a new tourism policy, which will give
a fillip to tourism sector in Gujarat. The proposed policy is
expected to be in place over the next couple of months," he
said.
PTI
