Plans to develop Sabarmati Riverfront are on the checklist of Ahmedabad Municipal Corporation (AMC) since the corporation’s budget involved many projects for Sabarmati Riverfront Development phase III.
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Shares of hotel companies and travel solutions providers surged after the government announced measures in the Interim Budget for FY25 to boost leisure and spiritual tourism. The tourism industry received an allocation of Rs 2,449 crore to develop India as a hub for business and conference tourism. The government also proposed interest-free loans to states for the development of iconic tourist destinations.
Tourism Finance Corporation is seen as a beneficiary of the governments decision to provide long-term interest-free loans to states for financing the development of iconic tourist centres, branding and marketing them at the global scale.