Spectrum Foods Limited signed two key Memorandums of Understanding (MoUs) with the Rajasthan government during Rising Rajasthan 2024, paving the way for substantial regional hospitality investments.
Spectrum Foods Limited’s shares rose 13.09% to ₹31.10 on the BSE today at 11:50 am. The company is investing ₹140 crore in a five-star resort in Pushkar, set to open within six months, and ₹80 crore in a resort in Pali, scheduled for 2026. Both projects will create 150 direct jobs each. These ventures, supported by Rajasthan’s incentives, including 75% SGST reimbursement for seven years, tax exemptions, and interest subsidies, mark a significant expansion in the state’s luxury hospitality sector.
Spectrum Foods projects that it will receive cumulative subsidy benefits amounting to ₹65 crore over the next seven years. This substantial financial support is expected to enhance the profitability and viability of its upcoming luxury tourism projects in Rajasthan.
The company believes these incentives, which include tax exemptions and interest subsidies, will improve cash flow and support long-term operational success. This aligns with Spectrum Foods’ strategy to solidify its presence in the state’s booming hospitality sector.
