MICE Affairs Media, India, 11 Jan 2021


The Travel & Tourism industry in India, which is hit badly by the pandemic in 2020, is eyeing TCS Waiver & Other Reforms in the budget 2021, which shall bring some relief to the sector.

Mr. Vishal Suri, Managing Director, SOTC Travel said “We look forward to the Union Budget 2021 bringing in concrete measures that target revival of the economy and boosting consumer sentiment/consumption. The Travel & Tourism sector is a vital contributor to the country’s GDP and a significant employment generator. With a focus on the domestic tourism sector in the current era of travel, there is strong potential to develop smaller cities/towns in India for tourism in line with the Honourable Prime Minister’s vision of being Atmanirbhar Bharat and further strengthen Make in India. This will also give a boost to local communities. We hope to see proactive reforms, supportive policies, and budgetary allocation, with an immediate waiver of TCS for the tourism sector - critical in stimulating demand.”

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