Oberoi Group to invest Rs. 1,500 crores in AP, set up 7-star hotels
Oberoi Group is interested in launching their hotels in Visakhapatnam, Tirupati, Gandikota, Picchukalanka, and Horsley Hills and operating a tourism centre in the Paderu region
By Newsmeter Network Published on 29 Aug 2022 12:59 PM GMT
Amaravati: The Oberoi Group president and chief operating officer, Rajaraman Shankar, called on Andhra Pradesh Chief Minister Y.S Jagan Mohan Reddy at his camp office here on 29 August and expressed interest in investing about Rs. 1,500 crores in the state.
Mr. Shankar said the Oberoi Group was interested in launching their hotels in Visakhapatnam, Tirupati, Gandikota, Picchukalanka, and Horsley Hills and operating a tourism centre in the Paderu region. Oberoi Group plans to invest Rs. 1,500 crores in AP which will provide direct employment and employment opportunities to 1,500 people and 11,000 people indirectly. The group is about to build all hotels with seven-star facilities.
Jagan has directed the officials to provide all necessary permissions for the Oberoi projects in the state under a single window system.
