Budget 2025: Hospitality sector seeks infra status, rationalisation of tax rates
infrastructure status, rationalisation of tax rates, easier visa processes and more incentives by state governments to promote investments are some of the key issues that need to be addressed for India's hospitality sector to realise its full potential, Hotel Association of India President K B Kachru said ahead of the Budget. In an interview to PTI, Kachru, emphasised upon the need for India to be marketed in a better fashion, and noted that countries like Japan, South Korea and Thailand have been able to grow their GDP by giving importance to the tourism sector.
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He emphasised upon the need for India to identify and promote MICE (Meetings, Incentives, Conferences, and Exhibitions) destinations with high potential, and work towards building the required infrastructure to draw tourists globally.
«We need investment. Investment can't be done by the government alone. Private sector has to come in and invest. What would motivate them to invest in the country is they must have a respectable (return on investment) ROI then only they will invest,» the Hotel Association of India President said.
Highlighting that «taxation is a big issue» in India, Kachru pointed out the differential rates of taxation and stressed upon the need to rationalise the tax rates and follow best
