Govt will invest Rs.400 crore in tourism sector during current financial year: Kodiyeri

KOTTAYAM: Kerala could tide over the impact of recession on account of the flourishing tourism industry, according to Kodiyeri Balakrishnan. Inaugurating a public meeting organised to extend felicitation to Kumarakom panchayat for its effective role in ensuring responsible tourism in Kumarakom, Mr. Balakrishnan said that the tourism revenue for the State during 2009-10 was more than Rs.13,000 crore. Tourism has emerged as a major employment generation sector, employing around 12 lakh people, Mr Balakrishnan said.

The State government will invest Rs.400 crore in tourism sector during the current financial year, he said and added that this would be mainly for developing infrastructure facilities. He said that the developmental activities would be taken up at the destination level as this would help the local entrepreneurs.As per the policy, the prospective investor would be able to avail of an amount equal to his investment (up to Rs.10 lakh) from the State government and the local bodies.

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