UP Receives Rs 1 Tn Investment Proposals In Hospitality Sector

03 Feb 2025 CW Team

The proposed investments pertain to hotels, resorts, guesthouses, wellness centres, and homestays across 75 districts of the state, according to Mukesh Kumar Meshram, principal secretary, tourism & culture, UP.

Most of the investment is proposed in religious and spiritual centres such as Varanasi, Ayodhya and Prayagraj apart from traditional tourism hotspots like Lucknow, Agra, Kanpur, and Noida. While 10 new hotels are coming up in Ayodhya, a dozen properties are being developed in Varanasi.

After the consecration of Lord Ram temple early last year, Ayodhya has emerged as one of the top tourist destinations in the state. The temple town welcomed 16.4 million pilgrims in 2024, a rise of over 10 million compared to a year before.

Indian Hotels Company (IHCL), which operates the flagship Taj Group of Hotels, recently announced the signing of a luxury Taj property in Ayodhya in association with the Solitaire Group.

Puneet Chhatwal, managing director and chief executive officer, IHCL, said the company will now have 31 hotels in UP, including 18 under the development phase, which reflected the rising profile of the state in the domestic tourism landscape.

UP receives the largest number of domestic tourists in India. The state has a total of about 190,000 hotel rooms, of which 4,000 are categorised as quality rooms. It is looking to add 200,000 new hotel rooms to its hospitality inventory, with primary focus being on Varanasi, Ayodhya, Prayagraj, Agra, Mathura, Gorakhpur, and the Buddhist Circuit. This is expected to generate 300,000 new job opportunities.

The state government is betting big on tourism to feed its overarching $1 trillion economy goal. UP’s annual tourist footfall is estimated to touch 850 million by 2028. In 2024, the state recorded a tourist inflow of 650 million, a growth of 17 per cent from 480 million in the previous year, according to latest figures released by the state tourism department.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Under the Uttar Pradesh Tourism Policy 2022, the state has received investment proposals to the tune of Rs 1 trillion in the hospitality sector in the last two years, according to government officials. The proposals were received after the state organised the Global Investors Summit in February 2023. The state's tourism policy seeks to ramp up tourism infrastructure and hospitality properties across UP in partnership with the private sector.The proposed investments pertain to hotels, resorts, guesthouses, wellness centres, and homestays across 75 districts of the state, according to Mukesh Kumar Meshram, principal secretary, tourism & culture, UP.Most of the investment is proposed in religious and spiritual centres such as Varanasi, Ayodhya and Prayagraj apart from traditional tourism hotspots like Lucknow, Agra, Kanpur, and Noida. While 10 new hotels are coming up in Ayodhya, a dozen properties are being developed in Varanasi.After the consecration of Lord Ram temple early last year, Ayodhya has emerged as one of the top tourist destinations in the state. The temple town welcomed 16.4 million pilgrims in 2024, a rise of over 10 million compared to a year before.Indian Hotels Company (IHCL), which operates the flagship Taj Group of Hotels, recently announced the signing of a luxury Taj property in Ayodhya in association with the Solitaire Group.Puneet Chhatwal, managing director and chief executive officer, IHCL, said the company will now have 31 hotels in UP, including 18 under the development phase, which reflected the rising profile of the state in the domestic tourism landscape.UP receives the largest number of domestic tourists in India. The state has a total of about 190,000 hotel rooms, of which 4,000 are categorised as quality rooms. It is looking to add 200,000 new hotel rooms to its hospitality inventory, with primary focus being on Varanasi, Ayodhya, Prayagraj, Agra, Mathura, Gorakhpur, and the Buddhist Circuit. This is expected to generate 300,000 new job opportunities.The state government is betting big on tourism to feed its overarching $1 trillion economy goal. UP’s annual tourist footfall is estimated to touch 850 million by 2028. In 2024, the state recorded a tourist inflow of 650 million, a growth of 17 per cent from 480 million in the previous year, according to latest figures released by the state tourism department.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..