Post Budget: Online Startup's and Ecommerce Reactions


Swaminathan Vedaranyam Chief Executive Officer, VIA.com says;"The  Finance Ministers' proposal to  increase Visa on arrival scheme  from the current 43 countries to 150 countries is a very welcome move as it will push the incoming to India dramatically which will in turn help the entire local eco system of India. It's proposal to invest in heritage sites was a much awaited and extremely beneficial move as there was an urgent need for well-defined policies and clear commitments to ensure that all cultural heritage points are given more attention with improved infrastructural facilities.  There is a recent spurt in domestic travel as well as a higher influx of foreign tourists in India and with dedicated upkeep of the tourist hotspots, we can ensure higher growth for the travel industry.  The reduction on the Corporate tax is another major move that will help companies put aside more cash which can be ploughed back into the business.

Shefali Singh Founder of Mysha, a complete online travel solutions to corporate clients, specialising in MICE Tourism says;"Arun Jaitley’s budget included some very positive announcements for the travel and tourism industry. The fact that the government will open up Visa on Arrival facilities to 150 countries, from the current 43, will result in a high inflow of tourists. The emphasis on restoration of World Heritage Sites is also likely to bode well for the sector as it will induce both domestic and foreign tourists to travel to these spots. Additionally, for a company such as ours, which offers complete travel solutions to MICE and Corporate clients, the reduction of corporate tax will result in a boost for the overall business".

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