Jharkhand: A golden pasture for investments in the tourism sector
continued from pii generation. It is proposed to develop this dam as an eco-tourism destination with tourist huts and resorts.
It is proposed to integrate additional tourism facilities such as ticketing counter for visitors and kiosks for promoting local handicrafts.
Considering the potential of adventure sports at these sites, it is proposed to undertake activities such as ecofriendly canopy walk, rock climbing, zip lining etc. The Pahari Mandir at Ranchi is famous for the temple of Lord Shankara (Shiva). It is located in the heart of the city on a hill. It is a bare black land outcropping in the midst of a flat land. The 2,140 ft. Ranchi hill houses the temple at its summit. This place is fast developing into a religious tourist site. The hillock also known as Richi Buru is famous for its breath taking views of the city and some spectacular sunsets and sunrises. In Pahari Mandir, it is proposed to develop a ropeway through PPP framework. of Rs 25 lakh and operated at tourist centres notified by the state government.
Health resorts established at places like hot springs, etc notified by the state government with a minimum investment of Rs 20 lakh. The details of capital investment incentive, admissible to new tourism units, are mentioned in Table 1. The details of capital investment incentive, admissible to new tourism units, are mentioned in Table 2. The interest subsidy admissbile to the proposed projects shall be admissible in the following manner on the interest actually paid to the financial institutions/banks on loans taken by new tourism units (Table 3). years from the date of commercial operation. New Tourism units would be charged VAT at the lowest floor rate for a period of 5 years from the date of commercial operations. The Bar Licence fee is payable by hotels, restaurant and bar licence holders, which is decided by the Board of Revenue from time to time. Exemption from electricity duty would be admissible to new tourism units for a period of 10 years from the date of commercial operations. New Tourism units would be entitled to register purchase/ lease of land or building with 2% stamp duty for a period of 3 years from the effective date.
To promote private sector investment in the transportation sector, relaxation of 50 % of road tax on the existing rate would be extended to such new vehicles for a period of five years, which are operating as tourist coaches and whose capacity is not more than 35+1 .
Such relaxation of road tax would also be admis-