India Tourism Development Corporation Ltd (ITDC), the public sector undertaking under the aegis of Ministry of Tourism, signed a MOU with Hyderabad based M/s Suraas Impex for developing a mega tourism destination project at Bairav Lanka in Kakinada, East Godavari District of Andhra Pradesh for an estimated cost of Rs 550 crores in the initial phase-I. This project is the first of its kind for the State- owned ITDC with any private player.
During the MoU signing ceremony, dignitaries who were present included Ms Ravneet Kaur, IAS, Chairperson and Managing Director (C&MD), ITDC; Mr. Piyush Tiwari, Director (Commercial & Marketing), ITDC and Mr. Ravi Pandit, General Manager, Ashok Consultancy & Engineering Services (ACES), ITDC among other eminent officers from Suraas Impex.
About India Tourism Development Corporation: ITDC was incorporated in 1966 with a mandate to develop and expand tourism infrastructure in the country. The Corporation has been moving ahead with consistent efforts on development, growth and world-class services and amenities to its guests. Apart from running Hotels, the ITDC has diversified into non-hotel sectors like Ticketing, Tours and Travels, Event Management, Duty-Free Shopping, Publicity & Printing Consultancy, Engineering Consultancy, mounting Sound & Light Shows, Hospitality education and skill development– all under one roof.