Saturday, July 20, 2024 The Hotel And Restaurant Association (Western India) – HRAWI has praised the Maharashtra Government for its forward-thinking Tourism Policy 2024. The Association emphasized that the annual financial allocation of INR 1,666 Cr for incentives and operational support demonstrates the Government’s dedication to improving tourism and hospitality infrastructure. The industry is particularly enthusiastic about the infrastructure development, which includes fast-track clearances, additional Floor Space Index (FSI), and relaxed building restrictions to expedite projects.
Moreover, fiscal incentives such as capital subsidies, SGST reimbursement, electricity duty exemptions, and interest subventions on loans, which have been long-standing demands of the hospitality sector, are part of the new policy. Most notably, HRAWI pointed out that this policy aligns with the National Tourism Agenda by enhancing coordination between the State and the Centre. “We are thrilled about the Maharashtra Government’s Tourism Policy 2024.
This progressive framework, aimed at positioning Maharashtra as a premier global tourist destination, is a game-changer for our industry. The policy’s strategic initiatives and incentives are set to attract significant investments and create over 30 lakh jobs. Additional FSI, relaxed building restrictions to expedite projects, capital subsidies, SGST reimbursement, electricity duty exemptions and interest subventions on loans are some of t.