Foreign trade policy to offer incentives for hotels, tourism industry

India’s foreign trade policy will offer a slew of incentives for hotels, tourism, transport, education, and healthcare industries, sectors that were the worst hit by the pandemic. “We are mulling a package for the services sector. But we are yet to finalize it, and discussions are still on. We want to support sectors that really require it, like tourism, hospitality, education, etc., and not those unaffected by the pandemic,” revealed a government official.

According to estimates by the Services Export Promotion Council (SEPC), shared with the government, travel and transportation services, one of the worst hits during the pandemic, are set to make a strong recovery in the current fiscal.