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Title: Madhya Pradesh Destination Unveiled Possibilities of


1
Madhya Pradesh Destination Unveiled
Possibilities of development of tourism project
through PPP in MP
A Presentation By
ILFS Infrastructure Development Corporation
Ltd. May 2008
2
In this presentation
  • Tourism in India
  • 2. Tourism in Madhya Pradesh
  • 3. Public Private Partnership ( PPP)
  • 4. Project Development
  • 5. About ILFS
  • 6. Project Development Promotion Partnership
    PDPP
  • 7. Select Success Stories
  • 8. Conclusion


3
Tourism in India Some Facts Figures
4
Tourism in India
  • JBIC ranked India as the fifth most attractive
    investment destinations.
  • Conde Nast Traveler, one of the worlds most
    celebrated travel magazines ranked India amongst
    the top tourist destinations of the world.
  • Tourism is one of the third largest net earner of
    foreign exchange for the country and also one of
    the sectors, which employs the largest number of
    manpower.
  • India has significant potential for becoming a
    major global tourist destination.

5
Tourism in India Figures
  • 0.8 share of world market
  • Tourists (2006)
  • 4.6 million (International)
  • 382 million (domestic)
  • Employment
  • Direct - 10.7 million
  • Indirect 24.4 million
  • Export earnings US 9.6 bn 2006
  • Contribution to GDP
  • Direct 2
  • Overall 5.9

6
  • FOREIGN EXCHANGE
  • Tourism is one of the third largest net earner of
    foreign exchange for the country (2001-02)
  • - Gem Jewelry US 7.40 Bn.
  • - Readymade Garments US 5.50 Bn.
  • - Tourism US 3.30 Bn.


7
  • EMPLOYMENT
  • Every Rs.1 million (25,000) invested creates
  • Tourism (directly) 47.5 Jobs
  • Tourism (indirectly) 89 Jobs
  • (sub-sector of hotels and restaurants,
    transportation etc.)
  • Agriculture 44.6 Jobs
  • Manufacturing 12.6 Jobs

8
Tourism in India Key Potential
  • World class cultural and natural heritage tourism
    assets
  • Multi-themed product development opportunities
  • Strong global, regional and national tourism
    market growth prospects
  • Strong potential to increase market share
  • Potential to go beyond the 3 Ss of tourism
    experience tourism

9
Tourism in India Major concerns
  • Approach Connectivity
  • Lack of Proper Infrastructure
  • Lack of Information - Marketing
  • Mismatch between demand and supply
  • Poor availability of trained manpower
    (guides, hospitality)
  • . Regulatory issues coordination between
    departments
  • Need Make projects lucrative for private sector
    Investment

10
Tourism in Madhya Pradesh
11
A Glimpse of Tourism in Madhya Pradesh
  • Kanha is the largest Wildlife Sanctuary in Asia
  • Kahjuraho has some of the most famous Sculptures
    in the world
  • Bhimbeteka is the oldest Cave Paintings in the
    world
  • Sanchi houses the oldest Buddhist Stupa in the
    world
  • 9 national parks and 25 game sanctuaries out of
    which four are major tiger reserves.
  • Sacred rivers of Narmada, Tapti, Son and Kshipra
    have a string of religious places located on
    their banks.
  • Pachmarhi one of the most beautiful hill
    stations.
  • Tourist festivals displaying variety of folk and
    performing arts at Khajuraho, Orchha, Pachmarhi,
    Indore-Ujjain (Malwa) and Bhopal.

Pachmarhi
Bhimbeteka
Kanha National Park
Khajuraho
Sanchi
12
Major Tourism Circuits
  • On the basis of the proximity of destinations and
    linkages between them, State Government has
    identified 4 major tourist circuits in the State
  • Gwalior - Shivpuri - Orchha - Khajuraho
  • Indore - Ujjain - Maheshwar - Omkareshware -
    Mandu
  • Jabalpur - Bhedaghat - Mandla - Kanha -
    Bandhavgarh
  • Bhopal -Sanchi - Bhojpur - Bhimbetka - Panchmarhi

13
Attractions along key circuits
14
Investment Requirements Tourism Perspective
Plan ADB Study
Source Tourism Perspective Plan, MoT
Source ADB India Tourism Infrastructure Study,
2007
15
Initiatives Of Madhya Pradesh Tourism
  • MP has numerous tourist attractions.
  • Focus on positioning MP in the national
    International media .
  • MP was awarded the National Tourism Award
    2007-08.
  • Some of its recent initiatives include
  • Heritage Meet for heritage property owners
  • Carnival in Tourist Hubs
  • Integrated national media campaign

16
Public Private Partnership ( PPP )
17
PPP Approach
Goal
  • Attract private investments for infrastructure
    projects
  • Leverage Budgetary Resources
  • Need to improve efficiency in service delivery

Need
PPP approach
  • Private Sector contribution for
  • - Financial investments
  • - Management practices
  • - Efficiency in service delivery
  • Public Sector contribution limited to
  • - Financial gap funding
  • - Providing institutional commitment to project
  • Attracts market investments
  • Reduces cost to public sector
  • Improves service delivery

Advantages
18
Why Public Private Partnership ?
  • PPPs enable the public sector to benefit
    from commercial dynamism, the ability to raise
    finances in an environment of budgetary
    restrictions, innovation and efficiencies,
    harnessed through the introduction of private
    sector investors who contribute their own
    capital, skills and experience

19
Advantages of PPP
  • Acceleration of Infrastructure Provision
  • Faster Implementation
  • Value for Money
  • Partnership Building
  • Enhanced Public Management
  • Genuine Risk Transfer
  • Output Specification
  • Asset Performance Reduced Costs
  • Performance-Related Reward
  • Private Investment Promotion
  • Improved Quality of Service

20
In Short, The Key Objective
Expanding the possibilities for efficient
infrastructure provision through Public-Private
Partnership
21
Project Development A step beyond consultancy
22
Challenge of PPP
Capital
Projects
The Missing Link Project Development
23
Project Development What it is (1/2)
  • Project concept
  • Technical Financial Evaluation
  • Statutory Regulatory Approvals
  • Approvals for various grants subsidies
  • Development of various contracts
  • Setting up of a Project Company (SPV)

24
Project Development What it is (2/2)
  • Vendor Development
  • Interaction with FIs
  • Bid Documents Bid Process Management
  • Selection of Operator
  • Facilitation for financial closure
  • Hand holding during implementation

25
Project Development What it is not
  • Construction and operation of a project
  • That is to be done by the selected bidder
  • Mechanism leading to privatization

26
Project Development Why
  • To mitigate technical and financial risks by
    association of expert bodies
  • To manage bottlenecks related to approvals
  • To obtain best value of the project for the state
  • To minimize the implementation time for a project
  • To leverage resources of governmentPPP
  • PPP leads to building up of capacity of local
    people

27
Project Development What it needs
  • A project anchor like State Government
  • A project development agency
  • A project development fund
  • 1-3 of the project cost and
  • To be recovered from the successful bidder
  • Upfront finalization of legal agreements and
    bidding criteria by the project anchor

28
Project Development and Promotion Partnership
(PDPP)
29
PDPP Arrangement
  • Key Features
  • Partnership for development with State
    Governments
  • Hands on mode of operations
  • Sharing of Risks and Rewards (result-oriented)
  • Mixture of Govt. approach Private efficiency
  • Key objectives
  • Need assessment for development
  • Integrated development
  • Public Private Partnership
  • Leveraging limited public resources with private
    investments
  • Bringing in private sector efficiency and
    management skills

30
PDPP Approach
  • Identification of key development needs
    potential projects
  • Integrated Development through Project
    Development
  • Phased implementation
  • Potential benefits to be staggered
  • 6-12 m, 1-3 years, more than 3 years

31
About ILFS Infrastructure Development
Corporation
32
Genesis
  • Mandate
  • Commercialization of infrastructure projects
  • Value added financial services
  • Initial JV format
  • Central Bank of India (CBI)
  • Unit Trust of India (UTI)
  • Housing Development Finance Company Limited
    (HDFC)
  • ILFS formally commenced business in 1988

33
Current Shareholding
  • Name
  • Government Shareholding
  • -Life Insurance Corporation OF India
    26.98
  • Central Bank of India 9.18
  • State Bank of India
    7.68
  • Abhu Dhabi Investment Authority
    12.73
  • Sub-total 56.57
  • Private Shareholding
  • Housing Development Finance Corporation
    13.10
  • ORIX Corporation, Japan 23.82
  • ILFS Employees Welfare Trust 6.51
  • Sub-total
    43.43
  • TOTAL
    100.00

34
ILFS Infrastructure Development. Corp. Ltd.
(ILFS IDC)
  • 100 subsidiary of ILFS
  • Project Development Advisory arm
  • More than 200 professionals
  • Executing Project Development Mandates in 20
    states
  • ILFS / IIDC provides Complete Process and
    Programme Management from the Concept Stage to
    Implementation

We are Project Developers not just Consultants
35
Sectoral Expertise
  • Power Water Special Economic Zones
  • Telecom Sanitation Solid Waste Mgt
  • Ports Sewerage Environment
  • Airports Urban Infrastructure Rehabilitation
    of Assets
  • Roads Bridges Health E Governance
  • Tourism Education Municipal Finance
  • In each sector, ILFS has established specific
    replicable, stand alone, prototypes

36
Representative Government Partnerships
  • Government of India (Ministries)
  • Commerce
  • Textiles
  • Information Technology
  • Central Public Sector Undertaking
  • ONGC
  • Coal India Limited
  • MMTC
  • State Governments
  • Tripura Assam Nagaland
  • Uttranchal Jharkhand Chattisgarh
  • Tamil Nadu Andhra Pradesh Kerala
  • Karnataka Orissa Madhya Pradesh
  • Maharashtra Gujarat Rajasthan

37
Geographical spread
Srinagar
Shimla
Chandigarh
Kathmandu
Delhi
Gangtok
Jaipur
Guwahati
Patna
Kota
Agartala
ILFS IDC has offices at Mahindra Towers, New
Delhi (corporate head office) Front offices
at Jaipur, Raipur, Patna, Guwahati, Calcutta,Ahme
dabad, Mumbai, Bhopal, Vadodara, Rajkot, Shimla,
Ranchi, Tirupur, Bhubaneshwar, Banagalore,
Hyderabad, Chennai, Chandigarh, Dehradun,Thiruvan
thapuram, Kathmandu (Nepal)
Rajkot
Ranchi
Ahmedabad
Bhopal
Kolkata
Raipur
Vadodara
Bhubaneswar
Mumbai
Hyderabad
Belgaum
Goa
Bangalore
Chennai
Tirupur
Thiruvananthapuram
38
Select PDPP Arrangements
  • Andhra Pradesh
  • Assam
  • Bodoland Territorial Council (BTC)
  • Chhattisgarh
  • Himachal Pradesh
  • Jharkhand
  • Kerala
  • Orissa
  • Punjab
  • Tripura
  • Uttaranchal
  • Gujrat
  • West Bengal
  • Karnataka

39
Strengths of ILFS IDC
  • Have several Success Stories to tell
  • Experience in structuring projects in PPP formats
  • Linkages with Major Private Sector Developers -
    Good will in the market and confidence of
    industry in ILFS
  • Strong relationships with Central Government
  • Associations with State Government clients
  • Associations with Financial Institutions and
    multi laterals
  • Ability to draw upon diversified services from
    ILFS Group companies
  • Ability to tie up and utilise local resources

40
Select Success Stories
41
Jal Mahal Integrated Tourism Project
  • Project Scope Development of Jal Mahal and
    Mansagar Lake area into a sustainable, eco
    friendly tourism destination Including lake
    restoration, monument conservation and lake
    precincts development
  • Project Cost Rs. 200 Crores
  • Concession agreement signed

42
Development of Tijara Fort
  • Project Scope Development of tourism and
    hospitality facilities within Tijara Fort
  • Project Cost Rs. 25.0 crores
  • Private Sector partner selected

43
Albert Hall Museum OM
  • The Project
  • restoration and conservation of the Museum
    building and conservation and documentation of
    the antiquities contained therein.
  • PSP to co-finance the facilities and OM
  • Govt of Rajasthan would continue to hold the
    museum inventory on its books. 

44
Lakes Restoration and Management
  • GoR has identified 5 lakes for undertaking
    Detailed studies
  • Nakki Mt. Abu
  • Fatehsagar, Pichola Udaipur
  • Annasagar Ajmer
  • Sarovar - Pushkar

45
Conservation of Quila Nabha
  • Quila is 18th century historical fort located in
    the heart of the walled city of Nabha, Punjab.
  • Unsolicited Proposal received from Nabha
    Foundation, a Trust incorporated by Khemka Family
  • Project structured on Swiss Challenge
  • Restoration and Conservation of Quila Complex and
    Reuse as the Business School
  • Lease Period 66 years
  • Minimum Investment for Restoration Rs 15 Cr

46
Rajinder Kothi
  • Redevelopment of Rajinder Kothi at Patiala in
    Punjab as Heritage Hotel
  • Restoration and Conservation of the Property
  • Reuse of Property as Heritage Hotel
  • Lease Period 30 years
  • Nimrana Hotels Pvt Limited selected as
    concessionaire through competitive bidding

47
Agartala Budget Hotel Milestones
  • Land Allotment from GoT
  • Roots Corporation Limited set up Ginger Hotel.
  • Project Started Commercial Operation
    from 21st August, 2007.
  • NEC Grant of Rs. 9 million through State
    Government as Viability Gap Funding. Already
    released to Roots Corporation.

1st hotel project promoted by reputed
Hospitality chain in the NER
48
Guwahati Budget Hotel Milestones
  • Land Identification Allotment
  • Roots Corporation agreed to set up Ginger
    Hotel.
  • Agreement signed with GoA in January 07.
  • Project construction started foundation
    completed.
  • Hotel to be commissioned by October 2009.

49
Tezpur Budget Hotel Milestones
  • Feasibility Studies completed
  • Land Identification Allotment
  • Sarovar Group agreed to set up three star
    category hotel in Management Contract.
  • Developer identified - Mentok RI Projects Pvt.
    Ltd has tied up with Sarovar.
  • Hotel to be commissioned in 24 months.

50
Crowborrough Hotel Milestones
  • Mandate received from MTDC
  • Feasibility Studies Completed
  • Project Structuring approved by GoM/MTDC
  • Bid Process Management completed
  • Private Developer selected.
  • However the 3rd highest
  • bidder went to court and presently the
  • matter is subjudice

51
Budget Hotel at Dimapur
  • GoN has given mandate for conversion of existing
    Dimapur Tourist Lodge into a Hotel Commercial
    Complex.
  • Feasibility Study Completed.
  • Project Structuring in process
  • Bid Documents approved by GoN.
  • Awating clearace of part land with
  • Indian Airlines

52
Solang Nala Ropeway Project
  • Project Size Rs 1200 mio
  • Project links Solang to Manali
  • Passenger Ropeway with provisions ski
    accessories
  • Restaurants at Lower and Upper Terminal Points.
  • Upgradation of existing Bar Lift
  • Preparation of Ski slopes
  • Establishment of Ski-centre
  • Area Management including Environment Management
  • IIDC partnered with Himachal Govt. to identify
    developer.
  • Agreements signed with Govt. realising higher
    share of revenues
  • from project compared to suo moto bid received
    initially

53
International Convention Center, Hyderabad
  • Hyderabad International Convention Center Project
    developed by ILFS IDC is operational since
    January 2006
  • Developer Emaar Properties PJSC, Dubai
  • Convention and Exhibition- 3,000 pax
  • Business hotel- 300 room
  • A residential community encompassed around a 18
    hole world-class golf course
  • Implementation by 2 SPVs through a Private Sector
    Developer
  • Project Cost Rs. 308 Crore
  • Role of ILFS IDC Comprehensive Project
    Development advisory to GoAP

54
International Convention Center,
Thiruvananthapuram
  • Status - At award stage Preferred bidder has
    been identified (July 2006)
  • Project Structure
  • Convention Center-1500 pax plenary, 500 pax
    hi-tech hall, Exhibition spaces
  • Hotel/Resort/Service Apartment- 150 rooms
  • Retail space/Theme Park- upto 7000 sq.m.
  • Implementation by a private sector led SPV with
    equity holding by Government of Kerala
  • Project Cost Rs. 140 Crore
  • Role of IIDC Comprehensive Project Development
    advisory services to GoK

55
Conclusion
56
Conclusions
  • Need to develop tourism infrastructure
  • PPP is the best mode
  • PDPP and Project Development are the tools for
    converting projects from paper to ground
  • Governments role should be limited to providing
    land, regulatory issues to avoid over exposure
    and exploitation
  • This approach has financial benefits as well as
    improvement in the service sector

57
Thank You
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