Industry chamber Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the Ministry of Tourism, Govt of India to grant one-year moratorium on all working capital principal, interest payments, loans and overdrafts to bring in liquidity.
In a letter to Prahlad Singh Patel, Union Tourism Minister (IC), Govt of India, Jyotsana Suri, Past Prescient &Chairperson, FICCI Tourism Committee also urged Patel to restore SEIS scrips for duty credit of 10 per cent to tourism, travel and hospitality industry. The Chamber has also sought a bailout package to fund and support salaries of the employees in the industry. ‘The aviation sector requests in brining ATF under the ambit of GST to provide long-term relief to airlines, as well as rebates on landing, parking and housing charges,” the letter reads.
The Chamber also suggested to advise the state governments ‘ a deferment for 12 months of all statutory dues with respect to license fee, property tax and excise fees , advance tax, provident fund, lower tariffs for water and power charges, custom duties, bank guarantees across hospitality, travel and aviation industry’.
It also suggests that a National Tourism Task Force of Center and States should be formed specifically to continuously monitor, strategize and implement a revival plan.
