Hospitality Sector Urges Budget 2026 for Growth, Investment, and Policy Support
Budget
M
Moneycontrol•23-01-2026, 14:01
Hospitality Sector Urges Budget 2026 for Growth, Investment, and Policy Support
- •The hospitality sector seeks a budget sensitive to its unique features, focusing on demand, investment, and long-term growth.
- •Key expectations include supportive tax incentives for capital-intensive projects with long gestation periods, improving viability and encouraging investment.
- •A central facilitation mechanism is needed to streamline regulatory approvals, reducing execution timelines and development risks.
- •Viability Gap Funding (VGF) is crucial for emerging leisure destinations like Andaman and Nicobar, Lakshadweep, and Northeastern states to unlock investment.
- •The sector also calls for GST rationalization, treating services to foreign nationals as deemed exports, and support for skilling and sustainable development.
Why It Matters: Hospitality seeks Budget 2026 support through tax incentives, regulatory reforms, VGF, and GST rationalization.
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