YES BANK Appointed Project Advisor for Development of Tourism Infrastructure in Key Locations at Madhya Pradesh
- MP tourism to invite private sector investment for the first time-
Bhopal, May 05, 2008: YES BANK, India’s new age private sector Bank, has been appointed by Madhya Pradesh State Tourism Development Corporation Ltd. (MPSTDC), as Project Advisor to develop tourism and tourism infrastructure in the state. In the first phase, YES BANK has initiated two projects for the private sector to invest at Chandanpura, Bhopal and Sakaria, district Panna. The project entails development of a resort, health resort, convention centre through Private Sector Participation on 16 acres land at village Chandanpura and development of airship/ flying training school, aviation, tourism related activities on 85 acres land at village Sakaria. The Strategic Initiatives & Advisory Government (SIG) Group, of YES BANK will prepare a project concept for these initiatives and will handle the bid process management to select the best option for private sector participation.
Mr. Tushar Pandey, Country Head, Strategic Initiatives & Advisory Government (SIG), YES BANK said “Tourism is a significant enabler towards adding value to the economy of the state and a holistic approach in linking government and private sector is required. YES BANK is proud to be associated with a progressive state like Madhya Pradesh and is also working in other states of the country including Punjab and Rajasthan.”

Chandanpura, on the outskirts of Bhopal , offers scenic view of Kaliyasot dam and makes a perfect site for a tourist/health resort. Panna district is located in the north-eastern part of Madhya Pradesh. Panna is picturesque place lying strategically in a valley amidst forest covered by lofty hills, and is closer to world heritage site of Khajuraho. The Government of Madhya Pradesh has identified ‘Tourism’ as a thrust area for holistic development and has taken several pro-active steps including an investor friendly tourism policy and preparation of master plans for various destinations in the state.
Mr. Ashwani Lohani, Managing Director, MPSTDC, said “Madhya Pradesh state believes in proactive association with private sector towards improving Tourism system in the state. We are happy to have YES BANK as our project advisor and expect to develop the sector in spirit of PPP with them.”

Recently, Madhya Pradesh bagged four national tourism awards including award for ‘Best tourism performing state in India ’ for the year 2007-08 for its outstanding performance in the tourism sector among all states and Union Territories .

YES BANK, while advocating greater private participation in public service delivery though Public Private Partnership (PPP), appreciates the role of the Government as irreplaceable facilitator of mass development. Strategic Initiatives & Advisory Government (SI-G) Group has been institutionalised with this focus, to work in partnership with Union Government Ministries, State Government’s and International governments outline the key areas for socio-economic development, showcase investment potential, and development of specific ventures on a Public Private Partnership (PPP) mode.


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YES BANK, India’s new age private sector Bank, is the outcome of the professional commitment of its Founder, Rana Kapoor supported by his highly competent top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the “Future Industries of India”.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. A key strength and differentiating feature of YES BANK is its knowledge driven approach to banking and an unprecedented customer experience for its retail and wealth management clients.

YES BANK is steadily building corporate and institutional banking, financial markets, investment banking, corporate finance, business (SME) and transactional banking, retail banking and wealth management business lines across the country. The Bank’s constant endeavour is to provide a delightful banking experience expressed with simplicity, empathy and totality.