Tag Archives: HAI

Hotel Association of India (HAI) has launched its State Chapter for Punjab and appealed to the State Government to accord ‘industry’ status to the hospitality sector, thus enabling hotels across the state to avail the benefits towards lower electricity and water tariff, lower property tax, rationalisation of taxes & licence fees, and simplified approval process for hotel projects and hotel operations.

Claiming that the hospitality and tourism industry has taken a hard hit during the COVID-19 crisis, JK Mohanty, CMD, Swosti Group; Chairman, HRAO and Hony. Secretary, HAI, has said that state government needs to play a greater role in attracting investments from the private sector by providing attractive incentives for a period of at least 3 – 5 years to make Odisha an attractive destination competing with other neighbouring states like Kerala, Maharashtra, Tamil Nadu, Rajasthan Uttar Pradesh, Goa, Gujarat, Andhra Pradesh, etc. “Around five thousand additional number of hotel rooms in different star category should be set up to compete with the hotel infrastructure of the other states of India. We, therefore recommend that the Government should allow 30% capital investment subsidy up to a maximum limit of Rs.25 crores and 5% interest subsidy up to 11 years on repayment of term loans. If the subsidy is given only for 3 years, many hotels will come up as required,” he added.