Odisha Launches Tourism Policy to Transform Hospitality with Investment Incentives
Odisha is set to transform its tourism sector with the unveiling of the Odisha Tourism (Amendment) Policy-2026. The new policy aims to enhance the hospitality industry through various investment incentives, focusing on infrastructure development and sustainable tourism practices. This initiative is crafted to attract both domestic and international investors, making Odisha a prime destination for travelers.
Key Features of the Odisha Tourism Policy
The Odisha Tourism (Amendment) Policy-2026 introduces several significant changes designed to encourage growth in the hospitality sector. Here are some of the main features:
- Lower Investment Thresholds: The investment threshold for hotels and resorts has been reduced from 50 rooms to just 10 rooms, enabling small businesses to enter the market more easily.
- Capital Investment Subsidy: The government offers a 30% subsidy on investments up to INR 200 crore, capped at INR 50 crore. For investments exceeding INR 200 crore, the subsidy increases to INR 100 crore.
- Special Tourism Zones: Designated areas such as Hirakud and Similipal will focus on eco-tourism and adventure tourism, promoting sustainable development.
- Support for Heritage Projects: Up to 40% subsidy is available for heritage conservation, while eco-friendly initiatives can receive up to 50% support.
Investment Opportunities in Hospitality
The reduction in the investment threshold is a crucial move aimed at fostering a vibrant hospitality industry. It enables the development of boutique hotels, eco-resorts, and heritage properties, aiming to enhance visitor experiences. Additionally, simplified expansion norms for existing tourism units will allow operators to upgrade facilities with less financial burden.
Long-term Vision for Hotel Development
A notable goal outlined in the policy is to establish 15,000 star-category hotel rooms by 2036. This ambitious target addresses the increasing demand for accommodations, particularly as Odisha strives to attract a larger influx of tourists.
Conclusion: A Promising Future
Overall, the Odisha Tourism (Amendment) Policy-2026 lays a strong foundation for the state’s tourism sector’s growth. With its commitment to sustainability and investment incentives, Odisha is on its way to becoming a leading tourism destination. This proactive approach not only boosts infrastructure but also creates job opportunities and promotes regional development, benefiting both local communities and investors.
