Trivandrum: The state government has signed an agreement with Morex Group for the development of the prestigious Bekal Tourism Village Project with an estimated investment of Rs 250 crores, which stands out as the first investment proposal to become a reality among a raft of schemes showcased at the Tourism Investors Meet 2023 (TIM).
Tourism Minister, Shri P A Mohamed Riyas handed over the the Licence Agreement for the Bekal Tourism Village Project to Sherief Maulakkiriath, CMD of Morex Group of Companies, Kanhangad, at a function in Thiruvananthapuram.
Bekal Resorts Development Corporation Limited (BRDC), a PSU under the Department of Tourism, is the implementing agency of the Bekal Tourism Village Project in Kasaragod district.
Speaking on the occasion, the Minister said Bekal Tourism Village Project was presented under the Government Project category in the TIM, where investment proposals of Rs 15,000 crores cropped up. “Several investors evinced interest in this project and so an Expression of Interest (EoI) was invited from them. After scrutinising the documents and following official procedures, Morex Group was selected.
Morex Group will invest Rs 250 crore in two phases for the Bekal Tourism Village Project, which includes tourism activity zones that can be enjoyed by domestic and foreign tourists. As per the agreement, around 33.18 acres of land at Kolavayal in Ajanur Panchayat, Hosdurg Taluk in Kasaragod district will be handed over to the Morex Group for the Bekal Tourism Village Project. The licence period is 30 years.
P Shijin, Managing Director of BRDC, said the Bekal Tourism Village Project aims to create the ideas of eco-tourism, experiential tourism, adventure tourism, agro-tourism, village tourism and cultural tourism in one place. About Rs 50 lakh was announced in the 2022 budget for the initial activities in the area.