India Budget 2018
The Union Budget 2018 is laid for the grass root people of India. This budget has taken several measures to boost the Infrastructure Proposal to develop 10 prominent tourist destinations as an Iconic tourism destination, is certainly a welcoming move and positive for the hospitality sector. Developments in ancillary sectors like infrastructure are certainly positive for hospitality and tourism. Also, this great move towards the infrastructure could help the government’s initiative – “Incredible India”- see global success.
However, all eyes were at the government to come up with a dedicated corpus to promote tourism, as the budget comes before the polls the government has focussed on the social sectors more. There itself, a fair amount has been announced for the railways as well as the revision in taxes is a big benefit to the sector.Indian Railways is blessed with Rs1.48 lakh cr to raise its carrying capacity and improve the train travel experience whereas Bangalore’s Suburban rail projectreceived Rs 17,000 cr financial support in this budget.
Moreover, the move to expand UDAN (Ude Desh Ka Aam Nagrik) to over 56 unserved airports and 31 unserved helipads will open up huge opportunities for the travel industry. And 100 monuments and 600 railway stations to be upgraded with enhanced facilities with better intercity travel infrastructure will lead to warm tourist experience. These positive steps towards transport will make India a tourist-friendly which will also drive inbound tourism in India.”
[Sarbendra Sarkar is the Founder & Managing Director of Cygnett Hotels & Resort]