Travel Companies Bat for FDI in Railways, Tax Relief on Jet Fuel

Noting that the government has already announced that tourism was of high priority for it, Desai also suggested that it should revisit the Leave Travel Allowance (LTA) and make international air travel exempted from income tax as in the case of domestic travel.

"With growth in foreign exchange reserves and some degree of stability in currency exchange rates, the government could look to enhance amounts availed by individual travellers under the Basic Travel Quota," the FCm Travel chief said.

Magow recommended tax holidays for the hotels sector, saying such moves would benefit the sector as there were currently about 3,00,000 hotel rooms in India, which was not at all enough to create growth in the travel and tourism sector.

Stressing on the need for increased investment in tourism infrastructure, he also suggested promotion of entertainment tourism through theme parks and other projects like in foreign destinations which attract tourists in large numbers.

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