Union Budget 2024: Insights from PHDCCI Tourism Committee

PHDCCI’s Tourism Committee Leaders Praise Union Budget 2024 for Boosting India’s Tourism Potential

Anil Parashar, Chair – Tourism & Hospitality Committee, PHDCCI, stated, “We commend the government’s visionary approach in recognizing the immense potential of India’s tourism sector. The development plans for the Vishnupath and Mahabodhi temples, as well as Rajgir and Nalanda will not only enhance the spiritual and historical significance of these sites, but also drive economic growth and create employment opportunities. This budget is a significant step towards making India a top global tourist destination.”

Rajan Sehgal, Co-Chair – Tourism & Hospitality Committee, PHDCCI, stated, “The focus on advancing tourism in Odisha and other culturally rich states is highly commendable. By improving tourism infrastructure and promoting our diverse natural and historical attractions, we are poised to attract global tourists, thereby boosting local economies and fostering sustainable development. Simpler tax regime for foreign cruise companies for operating domestic cruise vessels in India will promote cruise tourism.”

The PHDCCI leaders concluded that Union Budget 2024 sets a promising trajectory for India’s tourism landscape, promising far-reaching benefits for both the industry and the nation as a whole.