Mahindra Holidays to invest INR 1000 crores in Uttarakhand
Mahindra Holidays & Resorts (MHRIL) India’s leading vacation ownership and leisure hospitality company under the flagship brand Club Mahindra has signed an MOU with the Government of Uttarakhand (UK) to invest INR 1000 crores and build 4-5 large marquee resorts over the next few years in Uttarakhand. Mahindra Holidays aims to become a strategic partner of the state and will support the Government of UK in all its tourism endeavours through the development of these resorts to play their part in growing the prosperity of the state including providing direct employment opportunities.
This would be the biggest investment by MHRIL in any state in the country and part of its robust plans of expansion from 5000 to 10,000 keys by 2030 and is a testament to Devbhoomi-Uttarakhand and its variety of tourism destinations and experiences – whether it be religious tourism at Haridwar and Char Dhams, Wildlife at Rajaji & Corbett National Parks, Ski tourism at Auli, Adventure tourism at Rishikesh to name a few. Uttarakhand is blessed with amazing destinations attracting people of different age groups from across the country and MHRIL aims to tap into this wanderlust. Importantly, this investment will more than double its footprint in Uttarakhand, with Club Mahindra already operating resorts in Jim Corbett, Mussoorie, Kanatal and Binsar.
MHRIL with 143 resorts across the globe, of which eighty-two are in India, has over 2,86,000 plus member families and has in the past created holiday destinations such as Munnar in Kerala, Kumbhalgarh in Rajasthan, Binsar in Uttarakhand to name a few.
As part of MHRIL’s commitment to sustainability and aim to achieve carbon neutrality by 2040, all the new resorts developed In Uttarakhand will target to be champions of Net Zero Energy, Water & Waste and in the process become role models for sustainable tourism in the state.
Speaking on this, Kavinder Singh, Managing Director & Chief Executive Officer, Mahindra Holidays & Resorts India Ltd 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 pro-active support extended by the Govt led by the CM, 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. We see 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.”