The Madhya Pradesh government has agreed to implement a new policy that will grant 20 to 30% subsidy to branded hotels with an annual turnover from rent cap of two crores, less than two weeks before its investment summit "Magnificent MP." In order to draw in more visitors, the government also changed its tourism strategy. According to the Branded Hotel Promotion Policy-2019, the minimum investment for the branded hotel chain should be Rs 100 crore in order to qualify for the subsidy. The policy has three categories: hotels, resorts, and historic hotels.
