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Mahindra Holidays to invest Rs 1000 crore in Uttarakhand


Vacation ownership and leisure hospitality company Mahindra Holidays & Resorts (MHRIL)under its flagship brand Club Mahindra signed an MOU with the government of Uttarakhand on Thursday to invest Rs 1000 crore and build four to five resorts over the next few years in the state.

Mahindra Holidays said it aims to become a strategic partner of the state, and that this would be its biggest investment in any state in the country and a part of its plans of expanding from 5000 to 10,000 keys by 2030. Club Mahindra already operates resorts in Jim Corbett, Mussoorie, Kanatal and Binsar.

MHRIL has 143 resorts across the globe, of which 82 are in India. The company said it has over 2,86,000 plus member families.

All the new resorts developed In Uttarakhand will target to be champions of net zero energy, water and waste and in the process become role models for sustainable tourism in the state, the company said.
Kavinder Singh, managing director and CEO of Mahindra Holidays & Resorts India said the vision and foresight of the Uttarakhand government for the tourism industry is ‘unparalleled’, as it aims to establish tourist destinations, circuits and clusters with tourist friendly infrastructure including skill development initiatives and enable world class tourism experiences in the state. “Encouraged by the proactive support extended by the government led by the honorable chief minister, the affinity to hospitality, of the people, of the state, and a robust tourism policy, we aim to partner the Uttarakhand Government with our biggest investment in any state in the country,” he said. “We see a huge opportunity in Uttarakhand and our planned investment reflects not only our confidence in the state’s potential but also our commitment to contributing to its economic growth while at the same time creating memorable vacation experiences for our growing base of members. I would like to express my sincere gratitude to the Government of Uttarakhand for its support,” he added.


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