Emaar-MGF to develop West Bengal tourism sector

April 6th, 2008 - 12:12 am ICT by admin  


Kolkata, April 5 (IANS) Real estate developer Emaar-MGF Land Ltd Saturday signed an agreement with the West Bengal Tourism Development Corp Ltd (WBTDC) and Sunderbans Infrastructure Development Corp (SIDC) to accelerate the growth of tourism in the state. Emaar-MGF chief operating officer (hospitality) Sanjiv Rai, WBTDC managing director T.V.N. Rao and SIDC managing director Sridhar K. Ghosh signed the memorandum of understanding (MoU) in the presence of state Tourism Minister Manabendra Mukherjee here.

As part of the agreement, Emaar-MGF will work towards expanding West Bengal’s tourism portfolio and will further develop existing tourist destinations, including Sunderbans.

“West Bengal has a great potential to be developed as a tourist hotspot in the country. Emaar-MGF is committed to help the state in strengthening its hospitality infrastructure. The company’s focus on hospitality aligns with the government vision to position West Bengal as a gateway to the east for inbound as well as outbound tourists,” Rai said.

He said the initiative would catalyse the development of the state’s economy and provide an impetus to generate additional revenue opportunities in the state.

Rai said: “Emaar-MGF is developing three hotels in the luxury segment near Kolkata - JW Marriott and Holiday Inn on the EM Bypass involving an investment of Rs.7.5 billion and Park Hyatt at Russell Street with an investment of Rs.5.5 billion.”

Emaar-MGF is a joint venture between Emaar Properties PJSC, Dubai, and India’s MGF Developments Ltd.

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