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| Business
in Puducherry |
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A Guide to Investment |
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Puducherry is well established on the tourist circuit. It has many things
going for it -:
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Eco-friendly and pollution free
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Proactive administration
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Attractive government incentives
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Reliable connectivity - state of the art communications networks
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French past and heritage - a very good marketing platform
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Aurobindo ashram and Auroville - unique spiritual centers that draw
thousands of visitors every year from around the world.
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Delightful beaches, backwaters and engaging landscapes unique to the
area.
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Stable socio-political environment
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High socio-economic indicators
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Skilled manpower available easily
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Reliable power and good roads
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Visible and growing demand for novel entertainment options and avenues
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Projected requirement of 9,840 hotel rooms by the year 2011
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Growing yearly tourist inflows*
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*Domestic - 5,00,139:Overseas-2,05,559 ( 2003 statistics)
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The following are the key areas earmarked for promotion by the government of
Puducherry. All these have the potential to offer good returns on your
investment.
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Heritage and star hotels
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Food courts and restaurants
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Amusements parks
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Arts and crafts village
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Boutiques
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Eco-tourism
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Beach resorts
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Yacht and boatmarinas
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Health centers and spas
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Convention centres
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Entertainment multiplexes
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The Puducherry Industrial Promotion Development and Investmnet Corporation
Ltd. (PIPDIC) is also promoting investments in the field of tourism.
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Projects cleared for Development
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Tourist Complex at Chunnambar
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Picnic spot at Oussudu Lake
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Revitalization of Bharathi Park
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Development of new Beach in Puducherry
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Art and Crafts Village at Murungapakkam
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Multiplex an Beach road, Puducherry
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Temple town at Thirunallur
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Eco tourist Islands in Yanam
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Special tourism economic zone at Manapet
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Rural Tourism
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An interest subsidy equal to a difference of 5% in the rate of interest charged
by financial institutions for loans up to a period of 5 years, subject to a
maximum of Rupees 5 lakhs per year.
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 An investment subsidy
of 20% of the total investment subject to a maximum of Rupees 20 lakhs per
project. This will be given after 2 years of commencement of commercial
operations and would be given either directly to the financial institution as
part payment of the principal component of the loan or to the applicant as part
of capital investment.
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Registration fees on
land and building purchase will be refunded in full 2 years after the
commencement of commercial activity. It will be executed only once for any
particular property. Town planning charges levied by the Town Planning
Authority for approval of building plans will be reimbursed on receipt of a
fitness certificate for occupation from the authority.
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Heritage Buildings
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The Government of Puducherry seeks to encourage the use of listed heritage
properties for use as hotels pubs boutiques and other uses with a view to
providing economic value for heritage and to preserve the architectural/
historical heritage of Puducherry, while providing at the same time an
authentic experience of Puducherry's cultural spiritual and artistic
accretions for its tourist visitors.
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There are special incentives available for new projects - those seeking to
develop heritage hotels, restaurants, boutiques etc.
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Applications for these will be screened on a case-to- case basis and seen if
they meet certain prescribed architectural and conservation guidelines.
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INTACH (Puducherry) and the Puducherry Town Planning Department will
coordinate this with the Tourism Department.
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Foreign Direct Investment (FDI)
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Hotels & Tourism
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100% FDI is permissible in the sector on the automatic route.
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The term hotels include restaurants, beach resorts and other tourist complexes
providing accommodation and/or catering and food facilities to tourists.
Tourism related industry includes travel agencies, tour operating agencies,
units providing facilities for cultural, adventure and wild life experience to
tourists, surface, air and water transport facilities to tourists, leisure,
entertainment, amusement, sports and health units for tourists and convention/
seminar units and organisations.
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automatic approval is granted for foreign technology agreements if:
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up to 3% of the capital
cost of the project is proposed to be paid for technical and consultancy
services including fees for architects, design, supervision, etc
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up to 3% of net
turnover is payable for franchising and marketing /publicity support fee
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up to 10% of gross
operating profit is payable for management fee, including incentive fee.
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Directorate Of Tourism,
40,Goubert Avenue,
Puducherry 605 001,India.
Phone: 91-413- 2227275/76
Fax: 91-413-2333590
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