The APTDC chairman, who recently returned from the Europe Expo organized by the International Association of Amusement Parks and Attractions (IAAPA), said he was overwhelmed by the response from global investors keen to invest in tourism development in Andhra Pradesh. In Vizag, the president said that amusement parks, tunnel aquariums and many other tourist attractions are coming in the near future, according to the president of APTDC.
The president said he had discussed with global investors all possibilities of working with the state government. No less than 11 international companies are ready to invest in AP, added the president. It was found that the president had discussions regarding the establishment of tourist attractions in Vizag and other cities.
According to the president, he interacted with Intamin Worldwide of Switzerland, one of the world’s leading manufacturers of monorails and rides. He shared that the international brand was interested in being part of the Sky Tower project in Visakhapatnam. The Swiss brand will invest 100 crores in a joint venture with the government.
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Second, Turkey’s Polin Group will invest in setting up a tunnel aquarium project in Visakhapatnam, according to the APTDC chairman. Germany-based Huss Park Attractions has agreed to arrange supplier credit for entrepreneurs wishing to set up amusement parks.
To relaunch the gas balloons in Araku, the president had discussions with Aerophile from France. The European company has agreed to invest in captive gas balloons with a capacity of 30 people, which will soon return to Araku. Attraction, a Switzerland-based company, wants to create attractions such as the Telugu Museum on the hills of Kailash Giri, the chairman added.
Apart from Visakhapatnam, all of these aforementioned European companies and others have expressed interest in setting up world-class tourism projects in Andhra Pradesh. The president, who visited the exhibition on the advice of Chief Minister YS Jagan Mohan Reddy, said he was overwhelmed by the response from European businesses.
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