To lessen its financial load, the Jammu and Kashmir government has started the process of outsourcing 14 properties owned by the Jammu and Kashmir Tourism Development Corporation (JKTDC).
To enhance the infrastructure of the JKTDC through a public-private partnership, the government has invited Expressions of Interest (EoI) with investors being urged to submit comprehensive applications by December 15.
The government, according to officials, has started a process to promote the development, operation, and maintenance of various hospitality infrastructures at 14 locations in J&K on a Public Private Partnership (PPP) basis and has invited EoI from the interested national and international entities (companies with experience in hospitality, tourism industry, restaurants, and wayside amenities).
While the first meeting of the potential investors was conducted last week, document downloads began in November.
The Fern Hotels and Resorts, KC Residency, Lords Hotels and Resorts, Hub Holiday, Club Mahindra, ITC Hotels, and other companies sent representatives to the meeting. They received a thorough explanation of the properties that would be created in the PPP mode.Interested investors have also been asked to submit complete applications by December 15.
