Sunday, Aug 7, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | India | Hai Seeks Infrastructure Industry Tag For Hotel Segment

HAI seeks ‘infrastructure industry’ tag for hotel segment

By Telangana Today
Published: Published Date - 08:44 PM, Tue - 3 August 21
HAI seeks ‘infrastructure industry’ tag for hotel segment
Representational Image. Hotel Association of India officials met Union Minister of Culture and Tourism G Kishan Reddy to give a representation on the status of the severely impacted hotel industry.

Hyderabad: Hotel Association of India (HAI) has stressed the need to infuse liquidity in hotel industry through means like extension of moratorium, one-time loan re-structuring, improved terms under the Emergency Credit Line Gurantee Scheme (ECLGS) and revised eligibility ratios under the resolution framework.

HAI vice-president Kachru, secretary general MP Bezbaruah, corporate member Dr Jyotsna Suri, member Rohit Khosla and deputy secretary general Charulata Sukhija met Union Minister of Culture and Tourism G Kishan Reddy to give a representation on the status of the severely impacted hotel industry.

The association requested the Minister to consider policy changes and sought an `Infrastructure industry’ tag by the Central government which is a long-pending demand. This allows access to low-cost funding and tax benefits that are currently available to industries like ports, railways, highways. Hotels are capital intensive and have a long gestation period similar to infrastructure industries, it said.

HAI also stressed the need to encourage all States to accord hotels the status of an `Industry’ as recently notified by some States to support the industry’s revival. A large percentage of hotel operating costs are fixed in nature making them unsustainable under the current conditions. Industry status would allow hotels to receive benefits available to manufacturing segment like lower property taxes, land at subsidised rates, lower costs of utilities like power and water, said the industry body.

HAI offered to be a part of the task force formed by the government to aid the industry’s survival, revival and long-term survival, a release said.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .

  • Follow Us :
  • Tags
  • Hotel Association of India
  • hotel industry
  • infrastructure industry
  • Union Minister of Culture and Tourism G Kishan Reddy

Related News

  • Hyderabad to host global summit on Reimagining Museums in India

    Hyderabad to host global summit on Reimagining Museums in India

  • NMDC Grace Cancer Run to go virtual on October 10

    NMDC Grace Cancer Run to go virtual on October 10

  • Tourist spots in India to be opened from Jan 2022: Kishan Reddy

    Tourist spots in India to be opened from Jan 2022: Kishan Reddy

  • Indian hotel industry takes Rs 1.3 lakh cr revenue hit

    Indian hotel industry takes Rs 1.3 lakh cr revenue hit

  • Covid second wave: Hotel Association of India seeks liquidity support

    Covid second wave: Hotel Association of India seeks liquidity support

  • Hotel Association of India launches TS Chapter

    Hotel Association of India launches TS Chapter

Latest News

  • CWG 2022: Australia beat India by 9 runs to win maiden gold medal in women’s cricket

    2 hours ago
  • CWG 2022, squash: Dipika Pallikal-Saurav Ghosal win mixed doubles bronze medal

    2 hours ago
  • Opinion: Slowbalisation is setting in

    2 hours ago
  • Shreyas Iyer, spinners complete 4-1 Windies rout as India win final game by 88 runs

    3 hours ago
  • Editorial: Ambitious climate targets

    3 hours ago
  • Telangana: Govt hospitals to push for painless normal deliveries

    3 hours ago
  • Handy guide to know about world affairs

    3 hours ago
  • Understand the functioning of nephron

    4 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam