KMEW to Operate Luxury Cruise Linking Statue of Unity & Omkareshwar
KMEW receives LoA from Madhya Pradesh Tourism Board to build and operate a luxury cruise for 20 years between Kukshi and the Statue of Unity, estimating ₹800 crore revenue.
The new project represents a significant expansion for KMEW into the maritime tourism industry, with a potential revenue of ₹800 crore over 20 years, suggesting a high impact on the company's future performance.
The announcement highlights a new significant project for KMEW, with potential for substantial revenue generation, indicating positive prospects for the company.
* KMEW has received a Letter of Acceptance (LoA) from Madhya Pradesh Tourism Board (MPTB) to build and operate a luxury cruise for 20 years. * The cruise will operate between Kukshi, District Dhar (Madhya Pradesh) and the Statue of Unity, Gujarat (River Narmada), covering approximately 135 km. * The LoA was handed over during the Madhya Pradesh Travel Mart 2025. * The luxury Cruise Vessel will be named as “RIVER PEARL CRUISE” and will be launched within 21 months from the date of LOA subject to the signing of the detailed agreement with MPTB. * The cruise will offer a three-day voyage linking the “Statue of Oneness” at Omkareshwar and the “Statue of Unity” in Gujarat. * KMEW estimates potential revenue generation of up to ₹800 crore for 20 years from this segment. * The vessel will be a 70-meter twin-hull luxury catamaran with 36 deluxe cabins, fine dining, lounge decks, an infinity pool, a spa & wellness centre, and hybrid propulsion systems.
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