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Measures to aid last mile connectivity: J B Singh, InterGlobe Hotels

BUDGET 2016-17 REACTION

J B Singh, President and CEO, InterGlobe Hotels

JB Singh, CEO & President, Interglobe Hotels
JB Singh, CEO & President, Interglobe Hotels

The Union Budget 2016-17 has provided a sharp focus on building a stronger eco-system for the travel and tourism industry. The INR 2,21,246 crore outlay for infrastructure development, INR 97,000 crore investment in road sector and the intent to build as well as upgrade highways is a measure that will aid connectivity across the length and breadth of the country. Last mile connectivity is a key hurdle for tourism and travel in India, and we believe this measure will aid in overcoming this challenge.

Emerging India and rural India have a lot to offer from a point of view of tourism. There is immense potential in these markets to develop hubs of tourist attraction and also develop it as a means of employment for locals. The Government’s focus on development and empowerment of emerging India – Tier-II and III cities – is a positive sign. It will boost consumer sentiment and purchasing power and also encourage the next phase of rural tourism in India.

The industry was keenly looking forward for the Government to focus on incentives for the commercial real estate sector such as REITS, Real estate regulatory bill and single-window clearances; however it continues to remain a challenge.

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