Budget 2025
To promote India’s hospitality sector, there is a need to improve infrastructure, correct tax rate, promote easy visa process and investment. Chairman of Hotel Association of India (HAI) KB Kachuu said this on expectations about the budget. He said that apart from this, state governments should be encouraged. Kachru said that India needs to propagate better. He said that countries like Japan, South Korea and Thailand are capable of increasing their GDP (GDP) by giving importance to Tourism Sector. He spoke of identifying and promoting high -capacity MICE (meetings, encouragement, conferences and exhibitions) for India.
Need to improve infrastructure further
Kachru said that there is a need to work towards building infrastructure necessary to attract tourists globally. The chairman of HAI said, we need investment. The government alone cannot invest. The private sector will have to come and invest. The thing that inspires them to invest in the country is that they should get good returns on investment. They will invest only then. He said that taxation is a major issue in India and tax rates need to be rational.
Giving benefits of pli will lead to more employment generation
The government should provide financial benefits under the incentive (PLI) scheme of production in the upcoming budget, which can create more employment opportunities. Financial services company Deloitit has suggested this on Sunday. It said that the existing PLI schemes should continue in areas such as electronics, vehicles and semiconductors, which have been successful. The government in 2021 with a outlay of Rs 1.97 lakh crore with telecom, large electronic goods, textiles, medical equipment manufacturing, vehicles, special steel, food products, high efficiency solar PV modules, advanced chemical cell batteries, drones and pharma The PLI scheme was announced for 14 regions. Delroyut suggested that to improve global liquidity (once the Western central banks start to make their monetary policies easier), the government can increase the maximum limit of investment and place to attract more foreign investment Can remove the curb related to.
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