Assam is all set to get the first five-star hotel, which will hopefully help the region clinch some meaty business deals. A joint venture agreement was signed today between the Dharampal Styapal (DS) Group and the Guwahati Municipal Development Authority (GMDA) at the residence of Assam chief minister Tarun Gogoi.
The agreement was signed by the director of DS group, P.K. Gupta and A.K. Bhutani, secretary of GDD. According to the memorandum of agreement, the DS group will invest Rs. 100 crore and develop the hotel on a 27 bigha plot at Gotanagar along the national Highway 37. The construction will begin within a month and is expected to be completed within 24 months.
We hope that, this step will lead to prosperity of Assam by attracting investors. In this occaision we should recall what Infosys co-founder N.R. Narayana Murthy said last year-"A city is fit for big business if it has a good five star hotel"
The agreement was signed by the director of DS group, P.K. Gupta and A.K. Bhutani, secretary of GDD. According to the memorandum of agreement, the DS group will invest Rs. 100 crore and develop the hotel on a 27 bigha plot at Gotanagar along the national Highway 37. The construction will begin within a month and is expected to be completed within 24 months.
We hope that, this step will lead to prosperity of Assam by attracting investors. In this occaision we should recall what Infosys co-founder N.R. Narayana Murthy said last year-"A city is fit for big business if it has a good five star hotel"
