$95 mn ADB loan for Himachal tourism infrastructure

July 21st, 2011 - 12:07 am ICT by IANS  

Shimla, July 20 (IANS) Himachal Pradesh Wednesday inked a $.95.16 million loan agreement with the Asian Development Bank (ADB) for strengthening tourism infrastructure, an official statement said.

The agreement was signed by Principal Secretary (Tourism) Manisha Nanda and ADB officer in-charge (India) Prodyut Dutt at a function in New Delhi.

Director Tourism Arun Sharma, who was also present at the function, said tourism in the state contributed around 8 percent of the state’s GDP.

Himachal Pradesh, whose economy is highly dependent on tourism, attracted 13,298,748 tourists, including 454,851 foreigners, last year.

Kullu-Manali has emerged as a favourite tourist destination, followed by Shimla and Dharamsala.

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