Development of

Theme Park based on

Augmented Reality

Tourism
Government of Gujarat
Contents

Project Concept 3
Market Potential 5
Growth Drivers 6
Gujarat – Competitive Advantage 9
Project Information 11
- Location/ Size
- Infrastructure Availability/ Connectivity
- Raw Material/ Manpower
- Key Players/ Machinery Suppliers
- Potential Collaboration Opportunities
- Key Considerations
Project Financials 17
Approvals & Incentives 18
Key Department Contacts 21

Page 2
Project Concept

Theme parks: overview

Park formats are broadly classified as amusement parks, theme parks and water parks. According to
the International Association of Amusement Parks and Attractions (IAAPA):
 An amusement park is a group of entertainment attractions, rides, food
Amusement
services and other events in a location for the enjoyment of large numbers of
park
people. Eg. Fun n Food Village, New Delhi
 Theme parks, a specific type of amusement park, are usually much more
Theme park intricately themed where attractions have a unique setting or rides with specific
themes as compared to amusement parks. Eg. Adlabs Imagica, Mumbai

 A water park attracts visitors by offering water-based activities. Eg. Water

Water park Kingdom, Mumbai. It can also form a part of an amusement/theme park
where a separate section is usually dedicated to water activities.

Augmented reality/ Virtual reality: overview

Parameters Augmented Reality (AR) Virtual Reality (VR)

 In AR, sensory input like sound, In VR, a computer-generated,

video and graphics, and GPS data
modifies the direct view of the
physical, real-world environment. It
enhances the view of reality with
What is it the extra data.
AR is usually in real-time and

creates overlaid context of often
artificial elements, with actual
events and views in the real world

interactive, three-dimensional
environment is created in which a
person is immersed. It is a
simulation of the real world.
 VR, on the other hand, isn't
necessarily real-time, and it
imitates physical presence rather
than incorporating the actual world.

 Overlays 3D graphics on to the  Immerses the wearer in a 360-

How it works wearer’s view of the real-world degree, 3D-environment; spatial
environment sound and motion-tracking optional

Page 3
Project Concept

Global players developing theme parks based on AR/VR

Theme
Developer Project Concept Key AR/VR attractions/rides
Parks
L.I.V.E. Landmark  A theme park that will be  Complex will include an
(Landmark Entertainment using a combination of both interactive museum, a
Interactive Group, the firm augmented reality and virtual zoo and aquarium, a
Virtual behind theme virtual reality for a wide digital art gallery, a live
Experience) park designs of range of experiences. entertainment stage, an
Centre Universal Studios  It will combine art, culture, immersive movie theater,
attractions such and retail with AR/VR, and and themed experience
as Terminator 2 themed architecture and retail.
3D design.
 It is to be launched in China
in 2018.

The VOID Co-founded by  Is a virtual reality-themed  The facility will feature

(Vision of businessman Ken entertainment park that stages where groups of
Infinite Bretschneider; uses virtual reality and visitors can use a
Dimensions) VR experiences physical environments to combination of VR
are being simulate futuristic, hardware with motion
developed by The immersive, and realistic tracking and special effects
Void and by other four-dimensional VR systems to explore and
partners, such as experiences, which will be interact with virtual settings
the University of primarily composed of VR within specially-designed
Utah and video games. environments.
game studios  The VR theme park is
(Sony) made up of 16
reconfigurable, 60-by-60-
foot rooms that feature
interchangeable physical
surfaces that change their
texture based on the VR
content it plays with.

 Disney is also looking at virtual reality by considering showcasing its theme parks in head-
mounted virtual reality displays like the Oculus Rift.
 Although they may integrate VR or augmented reality into some of their attractions, likely as
projected video experiences rather than head-mounted displays, they are actually looking at
taking VR out of the parks to allow users to experience Disney Theme Park rides at home.

Page 4
Market Potential

Global market size – Theme parks

 Revenues of the global amusement industry were Annual footfall of top amusement park
(in million)
US$29.5 billion in FY15 and are expected to grow at a
CAGR of 4% to US$32 billion by FY17E.
215 223
 The US and Europe grew at a CAGR of 1.9% and 196
206
0.9% in FY08-14, respectively, while Asia, the fastest 189
growing region, grew at 6% CAGR.
109 117 123
 Asia is expected to become the largest market for the 96 103
theme park industry in the next 15 years led by rising
58 58 58 60
GDP, burgeoning disposable income, increasing 56
urbanisation and a spurt in total spending on
entertainment and leisure facilities. 123 127 132 135 138

 As per the latest TEA/AECOM Theme Index, there 2010 2011 2012 2013 2014
were 392 million visits to attractions run by top 10
Top 25 theme parks worldwide
global theme park groups, up 5.1%.
Asia top 20
EMEA top 20
United states top 20
Source: “India Amusement Parks,” Anand Rathi, 11 December 2015, via ThomsonOne

India market size – Theme parks

 The Indian amusement/theme park sector is valued at USD400 million (INR25 billion) and is
at a very nascent stage.
 The sector presently is on a verge of transition with industry players making investments in
technology as well to develop products/themes that significantly enhance customer experience
and participation. For instance, augmented reality and virtual reality have become areas of
significant interest and investment in the recent times.
 Footfalls are expected to register a 10-15% CAGR and are likely to touch 75 – 80 million annually
in the next few years driven by new parks and new rides and attractions at existing parks
supported by favourable demographics.
 India has a poor park-to-population ratio, with 150 parks for a 1.2 billion population, which register
more than 50 million footfalls annually, indicating the growth potential in theme parks in India.
60
CAGR:
19.1%
Indian theme parks
industry size (in INR
billion) 25

Source: “India Amusement Parks,” Anand Rathi, 11 December

2015, via ThomsonOne
2015 2020E

Page 5
Growth Drivers

Growth Drivers for Theme Parks

 66% of the population in India is below 35 years,
with the median age of 27 years driving 0 - 14 >34
years, years,
Demographic consumption. 31% 34%
dividend  Theme parks have the greatest attraction for the
15 - 34 years,
age group of 0-14 years, which drives families to
35%
visit parks.
 By 2020, 35% of the population will reside in urban centres, with nuclear
households. Higher incomes and fewer holidays would drive growth of
Greater weekend/single-day holidays, to spend time with family.
urbanisation
 The proportion of the working-age population is expected to rise to 46% by
2020, raising the amount of income per household.

Rising per  India’s per capita income at the current market price is estimated to increase
capita at a CAGR of 15% to INR190,000 in 2014-2020E.
income  Moreover, share of discretionary spend is expected to increase from 59% in
FY10 to 67% in FY20. Within discretionary spend, the share of leisure is
expected to increase at a CAGR of 6.4%.

Emerging Theme Parks Trends

Revenue is highly skewed towards entry
fees in India...
 In India, greater share of revenue stems
from ticket sales; the proportion from
food and beverages, and merchandising
is less than one-fourth the total.
 The concept of a theme-park holiday is
still not very widespread; thus fewer
resorts cater specifically to parks.
 In India, people usually do not spend
much inside a park; thus, ticket sales
constitute the greater percent of
expenditure by a visitor to a park.
3% Indian park revenue split
2%
Admission
15% Food &
beverages
Merchandise
80%
Others
…leading to increasing focus on peripheral
infrastructure
 Revenue from hotel, retail and other
leisure activities as ancillary sources of
income is gradually increasing.
 Many parks have set up retail outlets,
selling theme-based merchandise and
souvenirs, in line with international peers.
 Hotels developed around the theme park
are particularly important as they are
instrumental in converting one day
outings into multiple day stays for larger
groups and families.
 Wonderla has a resort at its Bengaluru
park and plans to set up one at its Kochi
park.
 Adlabs has tied up with the Accor group
(Novotel) to run its resort, which has
been operational since Sep’15.

Page 6
Market Potential

Industry segmentation
Parameters/classification Large parks Medium parks Small parks
Capex (INR million) >700 300-700 <300
Area covered (acres) >40 10-40 <10
Average ticket price (INR) >400 250-400 ~250
Footfalls/ year (in million) >0.5 0.3-0.5 <0.3
Tier-II cities, small
Outskirts of metros,
Location Metros and outskirts towns, outskirts of
tier-I cities
metro and tier-I cities
Essel World,
Aquamagica, Adlabs
Imagica (Mumbai), GRS Fantasy Park
Fun N Food Kingdom
Operators Nicco Park (Kolkata), (Mysuru), Ocean Park
(Dehradun)
Wonderla (Kochi and (Hyderabad)
Bengaluru), Kishikinta
(Chennai)
Number of parks 16-18 40-45 85-95

Leading players/ major parks in India*

Annual attendance Area (in Number of
Park name Location
(in mn) acres) rides
Adlabs Imagica & Aquamagica Mumbai 1.01 138 40
EsselWorld & Water Kingdom Mumbai 1.84 ~90 75
World of Wonders Delhi NA 147 30

Nicco Park Kolkata 1.5 ~40 33

Wonderla Bangalore 0.9 82 50+

Veega Land Cochin 1 ~30 55
MGM Dizzee World Chennai 1 45 60
Kishkintha Chennai 0.7 120 25
VGP Universal Kingdom Chennai NA - 11
Ocean Park Hyderabad NA 20 33
Snow Park Hyderabad NA <0.5 NA
Black Thunder Coimbatore 0.5 65 23
Adventure island Delhi 0.7 24 26
*Augmented reality is yet to be developed in theme parks in India

Page 7
Gujarat - Competitive
Advantage
Mapping Gujarat tourism

Archeological and Heritage
Tourism
 Variety of historical forts,
palaces, dargahs, temples
Cultural Tourism
 Handicrafts such as
bandhani, patolas, kutchi
 Fairs and festivals like
navratri, makarsankranti
Business Tourism
 High presence of Indian
and global companies
Entertainment Tourism
 18 SEZs operational
 Longest shoreline of 1,600
km - beaches, forests, hills,
Science City, theme parks,
Gujarat zoos, lakes
 Proactive Government and
aggressive marketing
 Untapped tourism opportunity
 Strategic location
 Unique blend of pilgrimage, adventure,
hill station, beaches,
Wild Life Tourism
heritage, desert
 Rarest and large number
of flora and fauna
 Four national parks and
Religious Tourism 21 sanctuaries
 Home to multitude
devotional centres and
temples like Dwarka,
Dakor, Ambaji, Somnath

Key initiatives to promote tourism by the Government

 Eight tourism hubs have been created for the convenience of tourists visiting Gujarat. These
are in Ahmedabad metro, Ahmedabad (north Gujarat); Surat (south Gujarat), Vadodara (central
Gujarat), Rajkot, Junagadh and Jamnagar (Saurashtra) and Bhuj (Kutch).
 Gujarat Infrastructure Development Board has prepared concession agreement model under
PPP for the development of tourism sector projects in Gujarat
 Gujarat State Transport Authority has issued all India tourist permits to tourist buses and taxis.
 The state government has implemented Panchavati Yojana, with the objective of providing
facilities for recreation in villages and encouraging environment friendly activities to develop
natural sites with tourism potential.
 The Tourism Corporation of Gujarat Limited (TCGL) and Infrastructure Leasing & Finance
Services Limited (IL&FS) formed a joint venture company named Gujarat Tourism Opportunity
Limited (GUJTOP) to promote the state’s tourism industry.
 Emerging areas in Gujarat’s tourism industry are spiritual tourism, heritage tourism, cultural
tourism, event based tourism, water and adventure sports, nature tourism, cruises, theme
parks, convention centres for meetings and conferences.

Page 8
Gujarat - Competitive
Advantage
Gujarat has an excellent business opportunity for domestic and
international tourists

Domestic Tourists (in lakhs) International Tourists (in lakhs)

CAGR: 1,233 22
CAGR:
14.1% 13.2%

637 12
376 7
194 4

FY11 FY16 FY20E FY25E FY11 FY16 FY20E FY25E

Source: Tourist Flow Information System- Annual Report 2015-16

 The total flow of tourist is expected to record an increase over the years
 This is attributed to the growing prominence of the state as a major business hub.

Total contribution to GDP Total Investment (USD billion) Employment (in million)

CAGR: CAGR:
5.0% 3.00
5.76% 11.0% 4.00 CAGR:
15.63%

2.7%

0.95
0.81

2014 2025P 2014 2025P 2014 2025P

Source: Tourism Policy for state of Gujarat(2015-20)

 Tourism in India accounts for 7.5% of the GDP and is the third largest foreign exchange earner
for the country. Gujarat is expected to contribute 5% to the total GDP by 2025.
 The business is expanding both in terms of turnover and boundaries and therefore
contributions total investments by Gujarat are expected to increase.
 Today worldwide, one in eleven jobs may be ascribed to the tourism industry. Gujarat is
expected to generate 3 million jobs by 2025.

Page 9
Project Information

Development of Theme Park based on Augmented Reality in Gujarat

1. Tourism forms one of the key industries/ focus areas for the Government of Gujarat.
2. Amusement parks/theme parks/water parks are designated as ‘tourism units’ by the
state.
3. The state has several amusement/ theme parks, located across Ahmedabad, Vadodra,
Rajkot, Surat, attracting visitors from across the state.

 The project involves development of a high-tech theme park,

featuring attractions/rides/experiences based on augmented
reality/virtual reality.
Project brief  The project also involves development of peripheral infrastructure
such as hotels, food & beverage establishments and retail areas
including merchandise stalls to diversify the revenue composition.
Longer stays and enhanced customer experience contribute
towards increasing revenues for the park.

 The target market for the amusement park is the domestic and
foreign tourist. The major subsections are foreigners, NRG/NRI,
upper class domestic tourists and week end tourists from the city.
Target market
 Due to large number of local/weekend tourist, this demand is
generally found to be high during weekends, festivals and public
holidays.

 Theme park would be situated in the periphery of urban areas -

Project location/
Ahmedabad/ Gandhinagar on a plot measuring 30 - 40 acres.
capacity/size
 Support crowd capacity of around 800 – 1,300 people/day

Ahmedabad

Gandhinagar

Tourist
flow*

Page 10
Project Information

Tourist flow across Ahmedabad and Gandhinagar

Total Tourists (in lakhs)

Ahmedabad Gandhinagar

257 29
CAGR: CAGR:
17.5% 15.2%

115 14

60 8
27 4

FY11 FY16 FY20E FY25E FY11 FY16 FY20E FY25E

Source: Tourist Flow Information System- Annual Report 2015-16

Tourist Purpose 2015 -16 (in %)

Ahmedabad Gandhinagar

Total: 60.2 lakhs Total: 8.1 lakhs

3% 3% 3%
1%
2% 4%

94% 90%

Business Leisure Spiritual Others

Source: Tourist Flow Information System- Annual Report 2015-16

Page 11
Project Information

Project Components – Theme Park

 Theme Park will have three categories of rides/games/shows

(Category ‘A’, ‘B’ & ‘C’) to ensure that all parts of the society can
enjoy and participate in this zone which will be based on themes:
 Rides for Category ‘A’: This category may comprise of around 6
AR/VR based adventurous rides/games/shows like stunt show,
Jurassic Park Train, Roller Coaster (based on cartoon
Proposed characters) etc.
rides/games/  Rides for Category ‘B’: This category may comprise of around
shows 12 rides/games/shows like 5D theatre, Jungle safari train, Ferris
Wheel, Rope course & Adventure etc.
 Rides for Category ‘C’: category may comprise of around 12
rides/games/shows for kids like Helicopter Height, Bumper car,
Top spin, Carousel etc.
Other AR/VR based attractions: An interactive museum, a virtual
zoo and aquarium, a digital art gallery, a live entertainment stage

Entry pavilion
 State of art entry, infrastructure for movement of all age of people,
with ticketing
help centres, medical help centres, relaxing places
counters

Main parking
 Parking lot for minimum 500 cars, 200 bikes and 10-15 buses
area

 To provide a place of leisure/recreation to the visitors for a total

Boulevard length of around 1 Km including installing new/latest fountains,
iconic trees, shrubs, sculptures etc.

Centre  A circular garden based on the theme with an Amphitheatre

Garden/Children
Play area  A clear green space for children with basic rides etc.

 A grid for water and power, CCTV, drainage, water harvesting,

Supporting drinking water, micro irrigation system network etc.
infrastructure  Other infrastructure including toilet blocks, food counters, Waste
management systems

 A theme-based resort hotel located near the theme park

Resort and
shopping district  Shopping, dining, and entertainment district with food courts, and
shopping avenues selling theme-based merchandise

Page 12
Project Information

Infrastructure availability
Logistics & Connectivity
Rail
Ahmedabad Gandhinagar

 Ahmedabad is one of the most important  Gandhinagar is well connected to the

railway stations in the state. metropolitans of western India. Many trains
 As of July 2015, an investment of US$16.58 with Mumbai as their destination pass
billion for the construction of bullet train through Gandhinagar, which facilitates an
between Mumbai and Ahmedabad has easy flow of tourists from all over the
been allocated. Construction of this project western India.
is expected to start by 2017.
 In Budget 2015-16, the Government of Gujarat announced plans to invest US$ 101.36 million
for the construction of the initial phase of Ahmedabad Metro Rail Project. Metro Link Express
for Gandhinagar and Ahmedabad plans to connect the two cities in the shortest possible time.

Air

 Sardar Vallabhbhai Patel International Airport located in Ahmedabad serves the metropolitan
areas of two cities in the state of Gujarat - Ahmedabad and Gandhinagar. It provides
domestic flights connectivity to the metros and other major cities of India. It also offers
international flight connectivity to major countries across the world.

Road

 Ahmedabad is well connected to cities  Gandhinagar is connected to Surat,

across states. As of October 2015, in
Ahmedabad, 88 km of BRTS Corridor was
planned. As of November, 2015, corridor
length of 45 km is operational and supports
a daily ridership of 125,000 people.
Mumbai, and Navi Mumbai through
National Highway 8A. It is connected to
Ahmedabad, Jaipur, Udaipur, New Delhi
and Chandigarh via National Highway 8C.

Utility

Power
Water

 Gujarat has successfully interlinked 27  The state is self-sufficient in power with

rivers across the State and has in place a its present generating capacity of
state-wide water grid across 120,000 km 23,973 MW (including about 4,385 MW
enhancing the quality of life and growth of renewable energy),
prospects of the state

Page 13
Project Information

Estimated manpower requirement*

Operations** 150 - 200 Persons

Hotel 160 Persons per 100-room 3-5 star hotel

Restaurant 25 Persons per 100 sitting or 25 Tables

*The manpower requirement has been estimated using the standard GITCO analysis done as part of Manpower and Skill
Gap Assessment for Tourism Sector in Gujarat (GITCO) report
**Operations includes – Ride Operations, Security, Office/Guest Relations, Housekeeping, Admin/Accounts, Theme Park
Maintenance, Purchase/Store, Sales & Marketing, Other Services (Laundry etc.)

Leading players and possible collaboration opportunities

Players providing technology and machinery for theme park rides
Global Global India

• Attractions International • Zamperla Asia Pacific Inc, • Arihant Industrial Corporation

• S&S - Sansei Technologies
• Premier Rides, Inc.
• Bolliger & Mabillard Inc,
• Sanderson Group
Ltd.
• Sally Industries Inc,
• Hindustan Amusement
• E2M Technologies B.V. Machines
• Whitewater West • Bombay Amusement Ride
Industries Ltd (P) Limited
• Neptune-Benson, Inc.

Theme Parks Developers/ Operators

Company
International Amusement
Pan-India Paryatan Pvt.
Ltd. (of the Essel group)
Polo Amusement Park
Wonderla Holidays
Adlabs Entertainment
Page 14
Operates
• Appu Ghar; Adventure Island – Rohini; Entertainment City – Noida
• Constructing one in Gurgaon (60 acres) and one in Jaipur (300 acres)
• Essel World and Water Kingdom
• Fun-N-Food Village – Delhi; Fun-N-Food Village - Nagpur
• Wonderla – Kochi; Wonderla – Bengaluru
• Constructing one in Hyderabad (49.5 acres)
• Adlabs Imagica; Adlabs Aquamagica
Project Structure

Project structure & implementation model

The theme park projects shall be developed on the following models:

• Build Operate and Transfer (BOT) – where land is owned by State Government
• Direct private sector investment – where land belongs to private developer

The implementation of PPP projects would be in coordination with GIDB and as per the government
resolutions issued from time to time for tourism projects, which would be applicable to both
Greenfield and Brownfield projects. GUJTOP will be suitably assisting the State Government as per
the mandate given to it.

Following is a schematic diagram showing possible development model through PPP

Tourism Corporation of
Gujarat Limited

Government selects the private

player through competitive
bidding process and enters into
an agreement to form a Special
Purpose Vehicle (SPV)
SPV

Private investor
(project developer)

The developer will create suitable facilities at

the site mentioned considering site specific
environmental and relevant factors on Design,
Engineer, Procure, Construct, Operate,
Maintain and Transfer concession format

Page 15
Project Financials

Estimated project cost

The Estimated Project Cost has been calculated based on the capital requirement/investment of a
typical theme park based on augmented reality. However, it may vary by individual project.
Project cost and means of finance

Cost parameters Total cost (INR million)

Land & site development 275.00

Building 312.50

Machineries/equipment/technology (including
1,187.50
AR/VR)

Vehicles 25.00

Office equipment 31.25

Furniture & fixtures 62.50

Preliminary & pre-operative expenses 11.25

Provision for contingencies 95.00

Total capital cost of project 2,000.00

 Entry fees: Single ticket entry ranging between INR1000 – INR1500

Sources of  Hotel: Theme Park operator can give hotel on lease
revenue  Restaurant: Operator can contract with popular food vendors
 Merchandise: Can contract with leading apparel/merchandise brands

 Setting up parks requires huge investment, followed by regular

investment in rides and attractions to sustain footfall growth.
Pay back period
 Pay-back period is generally around 7-8 years, and acts as an entry
barrier to new operators.

Page 16
Approvals Required

Approvals required

 Registration of business organization with Registrar of Partnership Firms, Government of

Gujarat for partnership firms and Registrar of Companies, Government of India (office located
in Ahmedabad) for corporations
 Local body clearances
 Acquisition of land from concerned office /owner
 No objection certificate from Gujarat Pollution Control Board
 Environmental clearance from Ministry of Environment and Forest and Government of
Gujarat (State Impact Assessment Committee)
 Arrangement of power with zonal distribution company
 Arrangement of water with concerned municipal corporations
 Any other clearances required

Page 17
Incentives

Incentives from Government of Gujarat

Government of Gujarat has granted Industry status to Tourism sector thereby providing a great
boost to the industry. The incentives under Tourism Policy for the State of Gujarat (2015-2020)
shall be applicable to the eligible tourism units as mentioned in the next sections.

Capital Subsidy to the Eligible Tourism Units

Eligible Capital Investment (excluding land cost) Admissible Maximum limit
subsidy

Investment upto INR500 million 15% INR75 million

Investment above INR500 million 15% INR100 million
Tented accommodation (with minimum investment of INR2
20% INR1.5 million
million)

Equipment worth INR10 million and above for adventure &

10% INR5 million
water sports

Additional Capital Subsidy of 5% for New Tourism Units

 Within the Corporation limits of Gandhinagar and falling within the radius of 20 kms.

 Owned and managed by women entrepreneurs (with minimum equity participation of 51% in

the entity)
 SC/ST categories to an additional 5% subsidy over and above the ‘Admissible Subsidy’.

Interest subsidy to the eligible tourism units

 @5% of the loan amount with maximum amount of INR2.5 million per annum for a period of
five years in Municipal Corporation areas for eligible tourism units
 @7% of the loan amount with maximum amount of INR3.0 million per annum for a period of
five years in the areas other than mentioned above.

Other Exemptions
 Luxury Tax - 5 years from the date of commencement of commercial operation
 Entertainment Tax - 5 years from the date of commencement of commercial operation
 Electricity Duty - 5 years from the date of commencement of commercial operation for New
Tourism Units only.
 100% reimbursement of stamp duty and registration fee on sale/lease/transfer of land for the
first transaction only.

Page 18
Incentives

Incentives from Government of Gujarat

Support for Sustainable Tourism

 Assistance to eligible tourism units up to 75% of the cost of carrying out Energy Audit by a
recognized institution/consultant, Water Harvesting / Conservation and Environment-friendly
practices like Green Buildings, Solar and other Renewable Energy measures

Special Package for Mega Tourism Units

The State Government shall duly promote and facilitate Mega Tourism Projects that have a large
multiplier effect on the economy, leading to employment generation and inclusive growth in the
State. Any type of Mega Tourism Units like theme parks, amusement parks, water parks, etc.
meeting the qualifying criteria of Mega Tourism Units will be eligible.
Following incentives would be offered to eligible Mega Tourism Units:
 100% reimbursement of stamp duty and registration fee on sale/lease/transfer of land for the
first transaction only. Reimbursement of stamp duty and registration fee would be done after
the commencement of commercial operations.
 Capital subsidy of 15% of eligible capital investment (excluding the cost of the land) subject to
a ceiling of INR200 million.
 Exemption from luxury and entertainment tax for a period of seven years from the date of
commencement of commercial operations.
 Exemption in electricity duty would be for a period of five years from the date of
commencement of commercial operations.
 Mega tourism units shall not be entitled to any interest subsidy.

Page 19
 Tourism Corporation of Gujarat Limited
http://www.gujarattourism.com/

Department of Tourism, Gujarat

http://www.gujarattourism.com/

Industries and Mines Department, Gujarat

www.imd-gujarat.gov.in/

iNDEXTb - Industrial Extension Bureau

www.indextb.com

This project profile is based on preliminary study to facilitate prospective entrepreneurs to assess a prima facie scope.
It is, however, advisable to get a detailed feasibility study prepared before taking a final investment decision.

Tourism Corporation of Gujarat Ltd,

H. K. House, Opp: Bata Showroom,
Ashram Road, Ahmedabad,
Tel: +79 26578044/46/26589172
Fax: +79 26582183
E-mail: tibahd@gujarattourism.com