Spectrum Foods has signed two significant Memorandums of Understanding (MoUs) with the Government of Rajasthan to establish new hospitality projects under 'Rising Rajasthan 2024, Jaipur'. These landmark projects are Five-Star Resort in Ajmer (Pushkar), Rajasthan and Five-Star Resort in Pali (Jawai), Rajasthan.
The Pushkar project is in advanced construction stage and is expected to be inaugurated in the coming 6 months. Further, the state government has outlined various subsidies to support fresh hospitality projects. The expected benefits for Spectrum Foods include investment subsidy, exemptions and interest subsidy.
Spectrum Foods provides import and export services. The company was formerly known as Spectrum Leasing and Finance and is based in Jaipur, India.