Tripura government has signed a Memorandum of Understanding (MoU) with the Indian Hotels Company Limited (IHCL) of the Tata Group. This agreement aims to propel the state's tourism industry to new heights by introducing world-class accommodations and services.
Chief Minister Professor (Dr.) Manik Saha expressed his enthusiasm for the project, emphasising that this was the first collaboration between the Tripura government and the Tata Group in the tourism and hospitality sector. He highlighted that such initiatives align with the state's broader vision of economic transformation and modernisation, specifically focusing on attracting investment, generating employment, and preserving cultural heritage.
Dr Saha said, "A significant step towards boosting tourism in Tripura. I am glad to be present during the signing of the MoU between the Government of Tripura and Indian Hotels Company Ltd. (IHCL) for the development of the Taj Pushpavanta Palace Hotel.
This world-class 5-star hotel with four exclusive rooms & a touch of the royal era will be a milestone in the State's history, enabling people worldwide to know more about the Maharajas of Tripura."
As part of the MoU, IHCL will construct a luxury hotel named 'Taj Pushpabanta Palace,' which will be developed at the historic Pushpabanta Palace, also known as the Raj Bhavan. The project, spanning 7.78 acres, is set to blend modern hospitality standards with the state's rich historical essence.
The original structure of the heritage-rich Pushpabanta Palace will be meticulously restored. This area will serve as the hotel's reception and public area. Four regal-style suites will be developed within the main building, offering guests a unique opportunity to experience the grandeur of the erstwhile Manikya dynasty. An expansive modern accommodation facility comprising 100 rooms will be built outside the main palace premises, ensuring a seamless fusion of heritage and contemporary luxury.
The project's estimated cost is Rs 250 crore, signifying a major investment in Tripura's hospitality infrastructure. The Chief Minister emphasised that this initiative will significantly boost the state's tourism industry by attracting visitors across India and abroad. Tourists will not only get to enjoy world-class accommodations but will also gain insight into the state's rich tribal traditions, cultural heritage, and historical significance.
The development of Taj Pushpabanta Palace is poised to have a profound economic impact on the state. The Chief Minister stressed that the project would create employment opportunities for more than 200 residents, contributing to the state's socio-economic upliftment. The influx of tourists is anticipated to generate revenue for local businesses, artisans, and service providers, fostering sustainable economic growth.
In addition to the hotel project, IHCL is expected to play a pivotal role in the future development of Tripura's prominent tourism destinations. The government envisions a strategic partnership with the Tata Group to enhance the state's tourism appeal through infrastructure development and branding initiatives.
