Hospitality Sector Hopes for Infrastructure Status Boost under New Leadership

The Hotel Association of India is optimistic about the tourism ministry under Gajendra Singh Shekhawat granting infrastructure status to the hospitality sector. This change could lead to industry benefits, support GDP growth, and align with India Vision 2047. Key figures express hope for policy interventions to aid the sector's contributions.


PTI | New Delhi | Updated: 13-06-2024 16:40 IST | Created: 13-06-2024 16:40 IST
Hospitality Sector Hopes for Infrastructure Status Boost under New Leadership
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The Hotel Association of India expressed optimism on Thursday about the tourism ministry under Gajendra Singh Shekhawat's new leadership granting infrastructure status to the hospitality sector, fulfilling its long-standing demands. This move is seen as crucial for extending industry benefits to hotels, which in turn could spur growth in India's GDP and employment rates.

The hospitality sector, identified as a 'Viksit Bharat' engine within the India Vision 2047 framework, could play a pivotal role in promoting sustainable and inclusive growth. 'We are hopeful that the new leadership will fulfil the industry's wish list, making the status and benefits a reality,' stated KB Kachru, HAI President and Chairman of South Asia's Radisson Hotel Group.

As the hospitality sector grapples with higher power tariffs and borrowing costs due to its current commercial status, policy interventions are crucial. HAI Vice-President Rohit Khosla emphasized that industry status could help the sector significantly contribute to India's tourism economy, potentially reaching a $1 trillion contribution by 2047.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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