Sky Tower to tunnel aquarium:11 global firms to invest Rs. 550cr in AP tourism projects

Aerophile of France is ready to invest in the tethered gas balloon project that can carry 30 persons at a time in Araku Valley.

By Newsmeter Network  Published on  25 Sep 2022 4:58 AM GMT
Sky Tower to tunnel aquarium:11 global firms to invest Rs. 550cr in AP tourism projects

Amaravati: From a sky-diving project at Gandikota to a tethered gas balloon project in Araku Valley, 11 global companies have evinced interest to invest Rs. 550 crores in the state. The companies will be part of the state government's initiative to transform Andhra Pradesh into a recreation hub.

Andhra Pradesh Tourism Development Corporation (APTDC) chairman A. Varaprasad Reddy made a pitch for the state at Europe Expo 2022, held in London from 12-15 September. Impressed by the opportunities, 11 companies have come forward to invest in various tourism projects.




Details of Investment

· Intamin Worldwide (Switzerland), one of the world's leading manufacturers of amusement rides and monorails, wants to invest Rs. 100 crores in the Sky Tower project in Visakhapatnam as a joint venture, besides discussing a monorail project in Tirupati.

· Polin group of Turkey will be part of the tunnel aquarium project in Visakhapatnam with an investment of Rs. 100 crores.

· Germany-based Huss Park Attractions will arrange suppliers' credit to entrepreneurs for setting up amusement parks.

· Aerodium of Canada has given its consent to be part of the sky-diving project at Gandikota.

· Aerophile of France is ready to invest in the tethered gas balloon project that can carry 30 persons at a time in Araku Valley.

· NevePlast from Italy has agreed to provide equipment for winter sports.

· Xtremeventures of France evinced interest in a world-class adventure park in the state.

· DOF of Turkey is ready to construct flying theatres and dome theatres in the high-end media-based simulator sector.

· Canada-based Whitewater West has come forward to set up large water park projects.

· Switzerland-based company Attraction! is keen on bringing various projects to Visakhapatnam, including a Telugu museum on Kailasagiri Hills.

· Concept 1900 from France and Delta Strike of New Zealand have expressed readiness to be part of the development plans

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