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Hospitality sector gets an upgrade in Budget
Business Standard
|February 03, 2025
A slew of announcements made in the Union Budget to support tourism will give a fillip to the sector by creating new opportunities, driving growth, and fostering a more inclusive ecosystem, according to industry stakeholders.
Finance Minister Nirmala Sitharaman in her Budget speech on Saturday announced that the Centre will develop top 50 tourist destinations in partnership with states through a "challenge mode" "The challenge-mode approach to developing 50 destinations, backed by performance-linked incentives, shifts the focus to outcome-driven execution-encouraging states to compete and innovate in destination management," said Rajesh Magow, co-founder and group chief executive officer (CEO), MakeMyTrip.
The land for building key infrastructure at these destinations will be provided by states, while hotels will be included in the harmonised master list (HML) of infrastructure, said Sitharaman.
Cette histoire est tirée de l'édition February 03, 2025 de Business Standard.
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