Hotel Industry Getting Back Up from FICCI
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The hotel industry does not have any organization to support. The Federation of Indian Chambers of Commerce and Industry has decided to take the plunge to improve the investment. According to the sources saying at www.propertykhazana.com, providing the ground support to this industry will enhance the growth and development in the hospitality segment. The hospitality segment is being neglected and needs encouragement in the form of exemption of the taxes and giving tax rebates and holidays, so that they can compete with other segments on an equal footing.
Furthermore, according to the survey which is done on behalf of www.propertykhazana.com, India needs about approx 2 Lakh hotel rooms over the next five to six years and enhancing the status of this industry and to reduce the gap between supply and demand.
Given the amount of earnings, the segment must be provided the cuts on foreign exchange reserves. Exclusion in the foreign exchange reserves of tourism segment which is modeled on the same page compared to other foreign earning segments which will play a vital role for the growth of industry. The state must try to minus the hotel projects from commercial projects, approx 100% foreign direct Investment will play a vital role in the process of developing the tourism segments in India and carry out the Investment.
Furthermore, the government must play a vital role to pool in some money to establish land banks and fast clearance of new projects by the state government. For more interesting updates, please visit the website www.propertykhazana.com.
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