The Jammu and Kashmir administration is planning to set up India’s best mythological theme park near the famous Vaishno Devi temple in Reasi district. Officials said on Friday that the administration has sought investors for the project. He said that the state-of-the-art park aims to enhance economic activities and generate direct and indirect local employment besides improving the overall experience of tourists and citizens in the Union Territory.
About one crore pilgrims from home and abroad visit the Vaishno Devi temple on the Trikuta hills annually, the town of Katra, 43 km from Jammu, serving as a base camp for the pilgrimage. Based on a vision to encourage adventure, mythology, education and entertainment, the administration and officials of Shri Mata Vaishno Devi Shrine Board have identified three potential locations for the project – two near the temple and the other from Katra bus stop. 10 km.
The park will come in the way of the temple and will be fully connected, officials said, adding that it will provide recreational activities for the pilgrims. visit. Officials said the Jammu and Kashmir government will also provide other benefits such as outdoor and indoor entertainment, shops, sports, eateries and hotels. Investors will be eligible for central sector scheme benefits and several other concessions from the J&K government, including a contract valid for 25 years with a provision for extension.
The benefits of the central sector scheme include 30 per cent capital investment incentive on investment up to Rs 5 crore, working capital interest incentive of five per cent per annum for existing units for five years, Goods and Services Tax linked incentives and capital interest subvention. Are included. Six per cent per annum for a maximum of seven years on loan amounts up to Rs 500 crore, officials said.
The government will ensure all UT level clearances within 30 days of filing the application and also provide assistance on other clearances and approvals besides additional incentives on stamp duty and green industrialisation. Officials said investors should have experience running a theme-based or amusement park that attracts five lakh people annually and must also comply with international safety standards throughout the project.
Once an agreement is signed, business operations with specified minimum requirements will have to be started within three years, he said, adding that the final subject needs to be passed through the Department of Industries and Commerce, Jammu and Kashmir, and directly and indirectly as well. employment opportunities.
Highlighting the benefits of investing in J&K, the officials said that the Union Territory has progressive, competitive and investor-friendly policies of doing business, conducive work environment and skilled workforce. Officials said it has 57 industrial estates in 20 districts, availability of industrial and region-specific land bank, pristine and pollution-free environment, large captive market and easy access to consumers from neighboring states.