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FAITH: there was opportunity for more support for stressed tourism

FAITH, the policy federation of all the national associations representing the complete tourism, travel and hospitality industry of India (ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI) has said that more direct & immediate support could have been extended.

The extension of ECLGS expansion till 2023 with additional corpus of ₹ 50000 crores dedicated to hospitality & allied industries will help provide relief. Hopefully, the fine print will enable moratorium extension of all previous schemes and debt restructuring.
The announcements around PM Gati Shakti for multi modal transport, plan for seamless travel, plan for 400 new Vande Bharat, 5 planned DPR of river systems, 8 new ropeways under Parvart Mala, integrated connectivity between railways station, e- passports, PM North-East infrastructure, digital rupee, 1 lakh crore additional interest free support will have medium to long term growth implications for tourism growth in India.

The Union Budget provides some relief and medium to long term infrastructure measures to stressed tourism travel & hospitality industry, but there was an immediate opportunity for more direct intervention to support the highly stressed tourism travel and hospitality companies and their employees, said Nakul Anand , Chairman, FAITH
The additional support measures could have come through the following measures
– Direct wage support to employee of tourism travel and hospitality companies till tourism revival happens.

– Abolishment of TCS on outbound travel to prevent travel expenditure shifting from Indian travel companies to offshore travel companies.

– Infrastructure status to hotels irrespective of their location or capital size to support capex growth.

– E- Visa fees waiver for all tourist visas for 2022 and beyond to support inbound revival

– Export status for tourism export earnings to support inbound revival.

– Doubled, expenditure allocation for tourism ministry to enable intensive global reach out to support inbound revival.

– Domestic income tax travel credit for Indian citizens and Indian companies to support domestic retail and domestic mice pickup.

– Global bidding fund to enable bidding support to Indian mice companies to bring global mice events to India.

– Setup of GST review committee to re-examine the tourism, travel & hospitality GST pain points

About FAITH: FAITH, Federation of Associations in Indian Tourism & Hospitality, is the National Federation of the 10 National Tourism, Travel and Hospitality organisations of India. These associations are ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI & TAFI.
FAITH, on behalf of the whole tourism industry engages in key policy and strategy ideation with Central and State Governments of India for growth of the Indian tourism industry.

FAITH has worked with the governments on tourism components of various national strategic policies. These include e-visa, GST strategy , Monuments PPP policy, NITI Aayog vision document, Foreign Trade Policy 2015-20 ( SEIS), of economic surveys, 2014, 2015, 2016, 2017& 2018, Udaan policy, Union Budget discussions with Finance Minister for budgets for 2015, 2016, 2017& 2018, cruise tourism policy, I respect women badges, tourism negotiations for trade blocs of SAARC, RCEP , Indo-US , Indo-Morocco , State Tourism policies for Rajasthan, Maharashtra, Karnataka, Delhi, J&K & Punjab, brainstorming sessions with aviation, railways, commerce, finance, BIs , road and highways, waterways among other national initiatives.

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Preety Chaudhary/New Delhi/Updated on: February 1st, 2022