Maha\, Mahindra to develop Murud as a wellness tourism hub

Maha, Mahindra to develop Murud as a wellness tourism hub

Press Trust of India  |  Mumbai 

In a significant move to draw more tourists to Maharashtra, the has partnered with realty firm to develop the coastal town of as a destination for and wellness.

The project will be developed under the Tourism Policy and will attract Rs 500 crore investment and generate 6,000 employment opportunities, Devendra Fadanavis' office had tweeted Wednesday.

This is expected to be one of the biggest investments in and wellness industry in the state.

Mahindra Lifespaces' wholly owned subsidiary Deep Mangal Developers has entered into the agreement with the state government, which will support the project by facilitating the necessary infrastructure across 1,300 acre of development.

This project will help drive investments and create opportunities for employment and skill development, the company said in a statement.

It will promote health and wellness, adventure, and culture and heritage tourism.

"Tourism has the potential to significantly improve the lives of local communities, contribute to economic growth and attract investments," Fadnavis said.

In addition to driving tourism, the project envisions engaging local communities through education, skill development of youth and economic empowerment of women, among other areas, the statement said.

"This new initiative by will help put firmly on the global tourism map. It will also catalyse the growth of the local tourism industry, creating new jobs and business opportunities along the way," Mahindra Group said.

Last year, had committed an investment of Rs 1,900 crore to develop a unique film-centric entertainment destination on its land at Kandivali in suburban

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 03 2019. 19:55 IST