February 1, 2025 - 20:24
As the Union Budget 2025 approaches, the hospitality and tourism sector is making a strong case for tax relief and enhanced sustainability measures. Industry stakeholders are urging the government to recognize the challenges faced by the sector, particularly in the wake of recent economic fluctuations and the lingering effects of the pandemic.
One of the key demands from the Federation of Hotel and Restaurant Associations of India (FHRAI) is the simplification of licensing and approval processes. The organization is advocating for a single-window clearance system that would operate across both state and central levels. This initiative aims to reduce bureaucratic red tape, which has long been a hurdle for businesses looking to thrive in a competitive environment.
Moreover, the sector is emphasizing the importance of sustainability, urging the government to implement policies that promote environmentally friendly practices. Stakeholders believe that these measures will not only help the industry recover but also position it as a leader in sustainable tourism. As the budget deliberations continue, the hospitality and tourism sector remains hopeful for supportive measures that will foster growth and resilience.
