City
Epaper

CII seeks reopening of hotels, liquidity push for hospitality

By IANS | Updated: August 18, 2020 23:40 IST

New Delhi, Aug 18 Industry chamber CII has urged the Centre to direct all state governments to allow ...

Open in App

New Delhi, Aug 18 Industry chamber CII has urged the Centre to direct all state governments to allow operations of hotels without any restrictions.

In a letter to Union Tourism Minister, Prahlad Singh Patel, the Confederation of Indian Industry has also sought measures to provide liquidity support for the tourism and hospitality sectors.

"First and foremost, enable hotels (all categories) - accommodation, restaurants, banquet halls, bars, spas and gyms and their economic activities without any restrictions of timings. Request if the Ministry of Tourism could advise all state governments to allow hotels to operate as per MHA guidelines," it said.

It noted that as per current guidelines, large public gatherings and congregations continue to be prohibited. Marriage related gatherings are allowed but should not exceed 50 people.

The CII suggested banquets and convention centres be allowed to host meetings, conferences, seminars, social functions, among others, with no restrictions of numbers but linked to the size of banquet hall, with 36 square feet per person as safe social distancing for such gatherings.

Among the measures of liquidity enhancement, it has sought waiver of all fixed charges for the period of lockdown including for electricity, water, LPG, and property tax. A deferment for 12 months of all statutory dues, post the waiver period has also been sought.

Further, the industry body has also sought the extension period for licenses, to be renewed at the end of 2020, should be extended to the following year, 2021.

It noted that while one-time restructuring of loans has been announced and its contours will be unveiled in a while, as per the RBI, tourism industry-wise Deployment of Gross Bank Credit is Rs 45,000 crore as of January 2020 and when compared to other major industries, this is a very small number.

"Helping with long-term moratorium (beyond August), interest rate reduction and/or longer repayment schedules for these obligations can aid in assisting/salvaging the entire industry," said the letter signed by Puneet Chhatwal, Chairman, CII National Committee on Tourism & Hospitality and Deep Kalra, Co-Chairman of the committee.

( With inputs from IANS )

Tags: CIIConfederation Of Indian IndustryPrahlad Singh PatelConfederation of india industryPuneet chhatwal
Open in App

Related Stories

NationalUnion Budget 2025 Expectations: Will Income Tax Exemption and Fuel Price Reductions Ease Burden on Common Man?

NationalUnion min Sonowal interacts with business community of Surat at CII B20 Meet

PoliticsMiffed with MP police, Union minister Prahlad Patel refuses security cover

InternationalPM Modi's visit to US will elevate India-US already existing ties to even greater heights: CII

International"For the first time roundtable between PM Modi, Egyptian PM will be held": Indian Ambassador to Egypt Ajit Gupte

Business Realted Stories

BusinessCGHS to launch modernised Health Management Information System

BusinessCentre notifies 1 pc tax on all luxury goods priced above Rs 10 lakh

BusinessLIC’s new business premium surges to Rs 2.27 lakh crore in FY25

BusinessSeveral luxury items, including watches, sunglasses, costing above Rs 10 lakh to attract 1% Tax Collected at Source

BusinessSuzuki Motor Corporation, Maruti Suzuki India to establish Osamu Suzuki Centre of Excellence