Pre-Budget Quote Davinder Juj, General Manager Eros Hotel New Delhi
The hospitality sector, one of the most crucial industries for generating employment and one of the biggest contributors to the country’s GDP has been showcasing substantial growth prospects for last two-three years. In order to ensure the continued development of the sector, we expect the government to include allocating funds for essential infrastructure development, reassessing the current tax structure to boost the demand coming from both domestic and international market, increasing budgetary support for tourism promotion, enhancing digital infrastructure, and encouraging sustainability initiatives. We also hope the finance minister to earmark resources for skill development and establish robust training infrastructure for the sector. By empowering the workforce, stimulating job creation, and building a skilled talent pool, the government can strengthen the foundation of the hospitality sector. This strategic focus on human resource development will not only support the industry's expansion but also positively impact India's economic landscape by fostering innovation, excellence, and long-term sustainability. Moreover, there is a longstanding recommendation from the industry to grant infrastructure status to the sector, and we hope the Finance Minister will take steps in this direction to further enhance the sector's growth. Additionally, there is an expectation to implement a uniform GST rate for the hospitality industry to streamline the GST chain and boost inter-state corporate demand.