Emami, Ambuja among bidders for DVC’s tourism plan

Emami, Ambuja among bidders for DVC’s tourism plan


Kolkata: FMCG major Emami and Ambuja groups are among the six bidders shortlisted for the Rs400-crore public- private partnership tourism project to be implemented by power major DVC Ltd and ILandFS.

“Besides the two firms, two other international players from Australia and Malaysia and two companies from Hyderabad have also been shortlisted for the tourism project at Maithon and Panchet," IL&FS Vice-President Sudip Datta told PTI.

The project is being implemented by Damodar Valley Tourism Co Ltd, a 50:50 joint venture company between Damodar Valley Corporation (DVC) and IL&FS Infrastructure Development Corp, the infrastructure development arm of Infrastructure Leasing and Financial Services (IL&FS).

Datta said, at present interactions are being held with each bidder for discussing the structure which would be finalised in the next one month and then the financial bid process is likely to begin.

“Earlier we had thought about one bidder but then got feelers that two or three other companies would like to be involved in the entire first phase of the project which entailed developing 200 acres of land for an investment of around Rs400 crore," he said.

Other areas where DVC would develop similar tourism infrastructure ventures include Tilaya in Jharkhand and Hazaribagh, which would be taken up after Maithon and Panchet.

At present, most of the tourism activities would be concentrated in Maithon, dotted by 19 small islands.

However, there are a slew of proposals to develop four - five places, which include setting up a resort and a budget hotel, developing picnic spot, rejuvenating a yacht club owned by DVC and providing water sport facilities.

In Panchet, where DVC has about 100 acres of contiguous land, an amusement park would come up on the side of the dam along with a few budget hotels.

“We hope to commence atleast some activity before the next festive season", Datta said.