Dr Rajesh Khajuria, TEAM 2 Acknowledgement My Gurus – Prem Sharda, Former Vice Chancellor, and – Dr Satendra Kumar, Dean, Faculty of Management, Veer Narmad South Gujarat University, Surat – MBA (Tourism & Hospitality Management) members – Prof O S Gupta, Former Head, MBA SGU – Prof H P Lulla (Guruji), Vadodara – Prof S M Patel and Prof H P Pandya, Sardar Patel University – School Teachers, Parents, Philosophers, Saints, Friends, Children My Clients – Bakulesh & Sargam Gupta, Rajiv Topno-Collector Vadodara – Banks and Financial Institutions, Experts, Partners – Tourism Industry Clients in India, Governments of Singapore, Thailand, Dubai, Abu Dhabi, Oman and UK
Dr Rajesh Khajuria, TEAM 3 Symbol of Vadodara Tourism The symbol on the right depicts Wide Eyes, indicating People looking at Vadodara as a Global Tourism Destination by 2020. V = Victory Several Vs means Collective Victory.
Dr Rajesh Khajuria, TEAM 4 Vadodara Tourism T = Tourism, Trade, Training O = Opportunity U = Urban Development R = Resource Generating I = Industry, Indian, International, Impressive S = Strategy, Systematic M = Money, Market, Manpower
Dr Rajesh Khajuria, TEAM 5 Global Specializations Swiss Hospitality Thai Cuisine Singaporean Culture American Education African Sports & Songs Malaysian Roads French Wine Indian Brains Chinese Products Australian Mining German Machinery Japanese Technology British Policy Dutch Water Management Vadodara Tourism?
Dr Rajesh Khajuria, TEAM 6 Tourism: World and India As per the World Tourism Organization, about 763 million tourists traveled internationally in 2004 and spent about US$ 622 billion. Tourism accounts for 12.2 per cent of total world exports and 8.1 per cent of global employment. In 2004-05 the Indian tourism industry registered a growth of 24% in foreign tourist arrivals. Foreign exchange earnings grew at the rate of 26.4% in 2004-05.
Dr Rajesh Khajuria, TEAM 7 Foreign tourist arrivals and foreign exchange earning in India Year Foreign tourists Estimated foreign Exchange Earnings Number Growth Million Growth in Lakh Rate US$ Rate 2000-01 26.99 7.7 3168 4.3 2001-02 24.28 -10.0 2910 -8.1 2002-03 24.54 1.0 3029 4.1 2003-04 29.33 19.5 3979 31.4 2004-05 36.38 24.0 5029 26.4 Source : Ministry of Tourism, Government of India
Dr Rajesh Khajuria, TEAM 8 Tourism in Budget 2006 Item 70: Foreign tourist arrivals increased to 3.92 million in 2005. It is still a fraction of Indias potential. During 2006-07, Ministry of Tourism will: Take up for development 15 tourist destinations and circuits following an integrated area development approach; Identify 50 villages with core competency in handicrafts, handlooms and culture, close to existing destinations and circuits, and develop them for enhancing tourists experience;
Dr Rajesh Khajuria, TEAM 9 Tourism in Budget 2006 Establish 4 new institutes of hotel management in the States of Chhattisgarh, Haryana, Jharkhand and Uttaranchal. I propose to increase the Plan allocation from Rs.786 crore to Rs.830 crore in 2006-07. – We need to develop Vadodara as a Business & Education Tourism Destination – Pavagadh as Cultural Tourism Destination – Sankheda Handicraft Destination (Export-oriented)
Dr Rajesh Khajuria, TEAM 10 Vadodara Tourism - Specialities Cultural Citadel of Gujarat (and Maharashtra) Heritage City: Museum, Raj Mahel, Garden Architectural marvel River City: Vishwamitri and Mahi Travel Connectivity – Air, Rail, Road, CFS Education Capital of India Handicrafts Shopping NRI Population Medical community Large Corporations 3,000 SMEs 1 million people
Dr Rajesh Khajuria, TEAM 11 Vadodara Tourism - Projects Vadodara Tourism: 37 Acres: Rs 130 Crore. 1. V-SPORTS STADIUM (10 Cr) 2. V-Cultural Stadia (20 Cr) 3. V-Arena: Convention Centre & Tourist Bureau (20 Cr) 4. Tourism Education & Training Institute (2 Cr) 5. V-Theme Parks (30 Cr) 6. V-Leisure Centre (4 Cr) 7. Hotels & Restaurants (14 Cr) 8. Infotech and Biotech Towers (Rs 30 Cr) Pavagadh: 100 Acres: Rs 50 Cr Champaner 2 & 3 Star Hotels & Heritage Centre Pava Hill-Top Lodge Pava Jungle Lodge Pava NRI School Pava NRI Old Age Home Pava Horticultural Park Pava Children Park Pava Amusement Park Pava Lake with Boating Restaurants & Food Courts
Dr Rajesh Khajuria, TEAM 12 V-SPORTS STADIUM 7 Acre Area Development Ball Sports Ground – 100 x 100 Meter or 70x70 Mtrs – Football, Hockey, Basket Ball and Other Ball Sports – 25,000 Seats capacity – Floors, Corporate Galleries, VIP Boxes – A.C. Studios for Sports Men and Women for Short Stay
Dr Rajesh Khajuria, TEAM 13 V-SPORTS STADIUM – Gyms for Local Men, Women and Children – Dance Halls – Restaurants and Food Parlours – Exhibition Halls – Shopping Malls – 500 Car, 2,000 2-Wheeler Multiple Floor Parking Bays All within Stadium
Dr Rajesh Khajuria, TEAM 14 V-SPORTS STADIUM Athletics Stadium – Jump Pits – Various Finishes – 100 Meter Track – 200 Meter Track – 400 Meter Track – 800 Meter Track – Health Tracks: Walking Track, Jogging Track Sports Medical Institute and Hospital
Dr Rajesh Khajuria, TEAM 15 V-SPORTS STADIUM - AREA Construction Sports / Stadium Area = 54,230 Sq ft Commercial Area = 23,242 Sq ft Total Construction = 77,472 Sq ft Parking and Open Space = 232,416 Sq ft Total Land Required = 309,888 Sq ft
Dr Rajesh Khajuria, TEAM 16 V-SPORTS STADIUM - COST Project Cost Estimate: Construction Use – 70% Sports = Rs 400 Lacs – 30% Commercial = Rs 200 Lacs – Total Construction Cost = Rs 600 Lacs – Equipment & Electrification = Rs 300 Lacs – Add: Misc. Cost and Fees = Rs 100 Lacs – Project Cost = Rs 1,000 Lacs
Dr Rajesh Khajuria, TEAM 17 V-SPORTS STADIUM - FINANCE Sources of Finance Proposed: – Equity Capital 30% = Rs 300 Lacs – Term Loan 70% = Rs 700 Lacs – Total Sources of Finance = Rs 1,000 Lacs Land on 99 Year Lease from Government Tax Benefits sought
Dr Rajesh Khajuria, TEAM 18 Cultural, Convention, Science, Education, Amusement & Leisure 30 Acre Area Development – Total – V-Cultural Stadia – V-Arena Convention Centre and Tourist Bureau – Tourism Education & Training Institute – V-Theme Parks (several parks) – V-Leisure Centre – Hotels & Restaurants – Shopping Malls
Dr Rajesh Khajuria, TEAM 19 V-Cultural Stadia 200,000 Sq ft Area. 40,000 Sq ft Construction Air Conditioned, Closed, Pentagonal or Octagonal 3,000 Seats Capacity Side-Central Stage for Performance Multiple Viewing Screens Modern Projection System Monitoring and Admin Offices Waiting Lounges Energy Efficient Lighting 500 Car Park, 2,000 2-Wheeler Park
Dr Rajesh Khajuria, TEAM 20 V-Cultural Stadia - COST Project Cost Estimate: – Building = Rs 1200 Lacs – Equipment & Electrification, AC = Rs 600 Lacs – Misc. Assets and Fees = Rs 200 Lacs – Project Cost =Rs 2000 Lacs
Dr Rajesh Khajuria, TEAM 21 V-Cultural Stadia - FINANCE Sources of Finance Proposed: – Equity Capital 30% = Rs 600 Lacs – Term Loan 70% = Rs 1400 Lacs – Total Sources of Finance = Rs 2000 Lacs Land on 99 Year Lease from Government Tax Benefits sought
Dr Rajesh Khajuria, TEAM 22 V-Arena Convention Centre & Tourism Bureau 300,000 Square Feet Area – includes 100,000 square feet of clear span exhibit space for 10 to 20 Halls – 20 Conference Rooms, A.C. – 10 Meeting Rooms, A.C. – All with state-of-the-art connectivity (LAN, Internet). – Removable walls allowing exhibition and meeting spaces to be configured to customer specifications.
Dr Rajesh Khajuria, TEAM 23 V-Arena Convention Centre & Tourism Bureau 1,000 Cars, 2,000 2-Wheelers Parking 10 Loading Bays Unique-but-practical design features State-of-the-art fresh air Cooling and Ventilation system Sunlight filtered through Glass openings in the 30- foot ceilings as a primary light source Finest Banquet Cuisine, Restaurants and Food Courts
Dr Rajesh Khajuria, TEAM 24 V-Arena Convention Centre & Tourism Bureau Project Cost Estimate: – Arena Building = Rs 1500 Lacs – Equipment & Electrification, AC Rs 350 Lacs – Misc. Cost and Fees = Rs 150 Lacs – Project Cost = Rs 2000 Lacs
Dr Rajesh Khajuria, TEAM 25 V-Arena Convention Centre & Tourism Bureau Sources of Finance Proposed: – Equity Capital 30% = Rs 600 Lacs – Term Loan 70% = Rs 1400 Lacs – Total Sources of Finance = Rs 2000 Lacs Land on 99 Year Lease from Government Tax Benefits sought
Dr Rajesh Khajuria, TEAM 26 Tourism Education & Training Institute International Collaborations Programs in Tourism & Hospitality Development Hotel Management & Catering Technology Convention & Event Management Sports Management Diploma, Graduate, Masters and PhD level Research, Training and Consultancy
Dr Rajesh Khajuria, TEAM 27 Tourism Education & Training Institute 2 Acre land 10,000 Sq ft Construction A.C. Building State-of-the-Art Connectivity Library connected to Classrooms Teaching Theatres with Digital Projectors Faculty and Admin Offices Garden Parking Rs 200 Lacs Investment
Dr Rajesh Khajuria, TEAM 28 V-Theme Parks Children Park Science City Eco Park & Medicinal Garden Amusement Park Waterpark Health Park, Yoga & Meditation Centre Lake with Boating
Dr Rajesh Khajuria, TEAM 29 V-Theme Parks Art & Sculpture Attractions Art & Culture Centre Elite Sports Park Shopping Malls Finest Banquets, Restaurants & Food Courts
Dr Rajesh Khajuria, TEAM 30 V-Theme Parks Project Cost Estimate: Rs Lacs – Children Park100 – Science City 1300 – Eco Park & Medicinal Garden 50 – Amusement Park250 – Waterpark250 – Health Park, Yoga & Meditation Centre 50 – Lake with Boating100
Dr Rajesh Khajuria, TEAM 31 V-Theme Parks Project Cost Estimate: Rs Lacs – Art & Sculpture Attractions 50 – Art & Culture Centre 100 – Elite Sports Park 150 – Shopping Malls 400 – Banquets, Restaurants & Food Courts 200 – TOTAL 3000
Dr Rajesh Khajuria, TEAM 32 V-Theme Parks Each Project shall be developed as a separate Profit Centre Sources of Finance Proposed: – Equity Capital 30% – Term Loan 70% Land on 99 Year Lease from Government Tax Benefits sought
Dr Rajesh Khajuria, TEAM 33 V-Leisure Centre 100,000 Sq ft Area. 20,000 Sq ft Construction Air Conditioned, Closed, Square 2,000 Visitors Capacity Swimming Pools for Adult and Children Fitness Centers for Men and Women Indoor Games: Tennis, Squash, Table Tennis, Chess, etc. Admin Office Health Food Plaza Parking: 200 Cars, 500 Scooters
Dr Rajesh Khajuria, TEAM 34 V-Leisure Centre Waiting Lounges, Energy Efficient Lighting 500 Car Park, 1,000 2-Wheeler Park Project Cost: Rs 400 Lacs Source of Finance: – Equity: Rs 120 Lacs – Term LoanRs 280 Lacs – TotalRs 400 Lacs
Dr Rajesh Khajuria, TEAM 35 Hotels & Restaurants 2 & 3 Star Hotels for Budget Guests – 2 Nos. x 100 Rooms, expandable to 400 Rooms Global Brand Food Chains Swimming Pool (Club) Business Centres Banquets and Restaurants Project Cost Total Rs 1400 Lacs
Dr Rajesh Khajuria, TEAM 36 Infotech & Biotech Towers Infotech Tower with Internet Gateway for Software development and export. Biotech Tower for research, development, commercialisation and export. – Foreign Collaboration and Investment. – Employment Generation. – Foreign Exchange earning. Project Cost Rs 1500 Lacs x 2 = 3000 Lacs
Dr Rajesh Khajuria, TEAM 37 Vadodara Tourism Dev - Vision NRI Population, Global Markets Sports, Culture, Heritage, Science, Education and Amusement Tourism Gujarat, Maharashtra and Rajasthan Markets V-Theme Parks and Shopping Malls Hotels & Restaurants >>> Global Visitors / Partners / Employees <<< Sports Stadium Leisure Centre V-Arena Convention Centre & Tourist Bureau Tourism Education & Training Institute Infotech & Biotech Parks
Dr Rajesh Khajuria, TEAM 38 7 Keys to Successful Development 1. Public-Private Partnership 2. Vision, Education and Creativity 3. Feasibility Studies and Fund-Raising 4. Strategy and Implementation 5. Finance, Technology and Management 6. Results and Evaluation 7. THINK Global to Progress Local
Dr Rajesh Khajuria, TEAM 39 TEAMPro Limited, London UK Vision to Strategic Development Consulting Access to Latest Technologies and Equipments in Tourism industry in India, UK and worldwide Partners selection Fund-Raising UK2India Program with British Chambers – www.UK2India.org.uk www.UK2India.org.uk
Dr Rajesh Khajuria, TEAM 40 TEAM Projects & Consultants Vadodara India 1983 Established, 23 years experience. Advisors to Banks and Financial Institutions. 215 Projects advised with 95% Success – Rs 1 Crore to Rs 50,000 Crore. USD 10 Billion Total Investment created. Expertise in Tourism, Industry, Infrastructure, Education and e-Trade. International Training and Networking.
Dr Rajesh Khajuria, TEAM 41 Thank You! Vadodara Dr Rajesh Khajuria, Director, TEAM MBA (Finance), PhD (Management), CMC, FIMC, MIoD (London) Email: email@example.com@teampro.org Web: www.TeamPro.orgwww.TeamPro.org Vadodara T: 94260 75402 London T: +44-20-8866 4345 (Sunil Vaghani)