FHRAI has submitted Pre-Budget Recommendations to Union Finance Minister Nirmala Sitharaman demanding varied policy changes for the hospitality industry in the upcoming Union Budget. These includes granting of infrastructure status to the hospitality industry, uniform GST @12 per cent on all hotels, increase the ECLGS loan term for the hospitality sector for the maximum period, Waiver of secondary condition with regard to average Foreign Exchange Earnings under EPCG scheme retrospectively from FY 2007-08 onwards, Continuation of EPCG Scheme, service export benefits and grant export status to the hospitality industry.
