After three decades of sailing, The Indian Navy’s oldest aircraft carrier INS Viraat came to the end of its journey, and the Andhra Pradesh government has put forth a proposal to convert it into a luxury hotel. The proposal includes converting the carrier into an offshore luxury hotel and building a Marina along with an entertainment zone around it. The Defence Ministry is yet to take a decision on the proposal for creating the entertainment hub in Visakhapatnam through a joint venture with the Government of India. The cost of the project is estimated at about ₹1,000 crore with an annual maintenance of ₹150 crore.
