If India wants to attract more FTAs, it needs to be attuned to global standards, says FHRAI

Referring to the Export Promotion Capital Goods (EPCG) Scheme, Pradeep Shetty, Jt. Hon. Sec, FHRAI, says, “The single-most important factor in attracting more international tourists is for India to be in tune with global standards if we want to compete with South East Asia and Sri Lanka. This is in terms of technology, décor, property, maintenance systems, etc. Many things are not manufactured in India. Therefore, the EPCG scheme is of primary importance. But it is understood that the government is looking to scrap this scheme altogether for the hospitality industry. We understand that we are moving towards Atma Nirbhar and Make in India but we cannot do that for hospitality till a time when our manufacturing industry gives us singular products in terms of quality, pricing and technology.”