New tourism policy in Maharashtra attracts significant investment: HRAWI
The policy’s strategic initiatives and incentives will attract significant investments, says HRAWI Chairman Pradeep Shetty | Representative Image
A section of hotel and restaurant owners on Saturday welcomed the Maharashtra government’s Tourism Policy 2024, which aims to position the state as a leading international tourist destination.
This progressive framework, aimed at positioning Maharashtra as a leading global tourism destination, is a game changer for our industry, the Hotel And Restaurant Association (Western India) – HRAWI said in a statement.
According to Pradeep Shetty, Chairman of HRAWI, the policy’s strategic initiatives and incentives will attract significant investments.
Additional Floor Space Index (FSI), relaxed construction restrictions to expedite projects, capital subsidies, SGST refund, electricity duty exemptions and interest subsidy on loans are some of the key demands of the industry. Once implemented, it will give a huge boost to the state’s tourism and hospitality sector, Shetty said.
“We are eagerly looking forward to its implementation within the set goals and Ease of Doing Business framework,” adds Shetty.
The Maharashtra Cabinet recently approved a comprehensive Tourism Policy 2024, which aims to attract Rs 1,000,000 crore in investments and create 1.8 million jobs over the next decade.
The policy identifies key areas to increase tourism’s contribution to Maharashtra’s goal of becoming a $1 trillion economy by 2028.
It focuses on developing a robust infrastructure and partnering with various stakeholders, including tour operators and MICE (meetings, incentives, conferences, events) organisers, to double revenue in their respective sectors.
“These progressive policies are a testament to the commitment of the Government of Maharashtra to make the state a global tourism hub. We are confident that these initiatives will contribute significantly to the socio-economic development of the region and enhance the state’s position in the global tourism landscape.
“We look forward to working with the government to ensure that this policy is successfully implemented and the state is transformed into a world-class tourism destination,” Shetty added.
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First print: Jul 20, 2024 | 11:50 PM IST