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Budget quote by Mr. Peter Kerkar, Group, CEO, Cox & Kings Ltd

05/02/2018

From a tourism standpoint, the government’s move to develop 10 prominent tourist sites as iconic tourism destinations is welcome as it diversifies our product offerings and creates tourism clusters.  Along with this, the move to upgrade tourism amenities at 100 ASI managed monuments will enhance the visitor experience. All this will generate huge economic activity as it also involves infrastructure and skill development in the region. Tourism is the largest employment generator in India and this will open up huge employment opportunities.

The move to expand the UDAN  (Ude Desh ka Aam Nagrik), to over 56 unserved airports and 31 unserved helipads will open up huge opportunities for the travel industry as connectivity will improve and people in these areas will be able to travel seamlessly within India and  overseas, thereby giving a boost to domestic and outbound tourism.

Overall, the thrust of this budget is on infrastructure development, which is what the tourism industry has always represented to the government. New tourism circuits can only come up if there was adequate development and this budget lays emphasis on it. Finally, giving a boost to the rural economy will also enhance the purchasing power amongst those living in rural areas and this in turn will stimulate travel. We have observed this over the last couple of years.

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