FAITH: Tourism industry hoped for more direct support from the budget statement

Federation of Associations in Indian Tourism & Hospitality of industry (FAITH) has expressed the tourism industry’s concern that the budget statement could have covered more direct support measures for the industry.

The budget has rightly proposed tourism as a transformative engine for job creation to be developed on a mission mode on a PPP basis, along with states and focus on 50 tourism destinations and infrastructure.

However, since the budget, was coming on the back of a recovery from the pandemic this was an opportunity to strengthen the tourism travel and hospitality industry of India to reclaim its global inbound tourism share and to add value to domestic tourism which would have boosted employment pan India, the federation said.

Nakul Anand, Chairman, FAITH
Nakul Anand, Chairman, FAITH

Nakul Anand, Chairman, FAITH, said that EC members of all FAITH member associations had been regularly interacting with various officials for pre-budget meetings.

Said Nakul Anand, “While we are thankful that the FM has touched upon developing tourism on a mission mode along with destination development, yet the Indian tourism, travel & hospitality industry was keenly looking forward to getting the vital infrastructure status.”

He voiced the industry’s need to be treated at par with merchandise exports, to have gotten enhanced support to tourism for global marketing, to have had a directional positive guidance on GST issues for tourism and was looking forward to enhanced tax / financial support mechanisms to tourism MSMEs which are more than 95% of industry entrepreneurs are travel agents, hotels, tour operators, restaurants, tourist transporters and guides among others.

Read more: News

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