Indian stimulus package follows same trajectory as global ones: Suman Billa

Suman Billa, Director, Technical Cooperation & Silk Route Development, UNWTO, has said that the Indian stimulus package follows the same trajectory as other global stimulus packages, and instead of being disheartened about not having a specific tourism stimulus package, the industry should reach out to the government and share what in the existing package doesn’t work for them. “The industry should pitch for moratorium on interest and lowering of interest rates. They should look at firms which were left out and ensure that everybody should get access to loans. We need to look at the existing package and see what provisions are pinching us and tell the government that it is not catching the sensitivity of the tourism sector. If we can say that, I am sure that the government will be happy to consider the request,” commented Billa while speaking at the ‘Saving Airlines & Allied Industries – Saving Jobs’ webinar. He added that most stimulus packages across the world are sector-agnostic, and that the industry should carefully assess the existing provisions and propose the changes that are specifically required for the tourism sector.

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