The Hospitality, F&B and Tourism Industry and sub-sectors have sought Government intervention and made a representation to the Prime Minister of India to offer support to the sector to withstand the challenges posed by the current COVID – 19 crises. Rakesh Kumar, Chairman, India Exposition Mart Ltd. said Hospitality industry supports the travel, tourism, and F&B Industry and contributes Rs. 5 lakh crores in the Indian economy engaging a sizable number of people from MSME sector. The Hospitality, F&B and Tourism industry has been severely hit and is witnessing a massive distress due to the lock down.
Adding further he said the Hospitality Industry has submitted a detailed representation to the Prime Minister of India which include the following:- – 6% Interest Subvention to the entire hospitality sub-sector. Moratorium of EMI payments for loans and working capital from Financial Institutions (both banking & non-banking). Deferment of all Statutory Dues such as Advance Tax payments, PF, ESIC, customs duties at the Central Government level or at any state government level, the excise fees, taxes, bank guarantees and security deposits and deferment of all renewals, across the sub-sectors supporting tourism, travel, hospitality and F&B industry. z- Waiving of Electricity and Water Charges for the next 6 months or charged on the basis of actual consumption (not as per load). Wages Compensation for the employees. Speedy GST Refund. Auto-renewal of 70+ licenses which a hotel must acquire/renew for 2 years at no cost. Amendment in clauses relating to EPCG. Waiver of Bar License Fee and reduction in excise duty linked to consumption. – Offering a one-time, mobilisation fund/advance to manufacturing organisations from sub-sectors of hospitality that could re-tool and start producing to meet the demands of the healthcare sector for Covid-19