Hospitality Leaders Applaud Union Budget 2025's Boost for Tourism & Innovation

Hospitality Leaders Applaud Union Budget 2025's Boost for Tourism & Innovation

By Manu Vardhan Kannan

Published on February 5, 2025

The Union Budget 2025 has set the stage for significant advancements in India's hospitality and tourism sectors. Industry leaders have expressed optimism about the budget’s strategic focus on tourism infrastructure, enhanced connectivity, and skill development initiatives that are expected to elevate India's global standing as a prime travel destination.

Strengthening Tourism & Hospitality Infrastructure

Mr. Sarbendra Sarkar, Founder & MD of Cygnett Hotels and Resorts, welcomed the government’s emphasis on tourism, particularly the development of 50 key destinations under challenge mode. He highlighted how initiatives such as streamlined e-visas and visa-free access for select tourist groups will boost international footfall. He also appreciated the inclusion of new hotels in these destinations in the Infrastructure Harmonized List (HML), allowing hospitality investors to access infrastructure lending under more favorable terms.

“The move to include new hotels in the HML will provide easier access to larger funds through External Commercial Borrowings (ECBs), enabling greater expansion and modernization in the hospitality sector,” said Mr. Sarkar.

image

Additionally, he noted the positive impact of the government's modified UDAN scheme, which aims to strengthen connectivity to 120 new destinations, particularly focusing on the northeastern region’s helipad development. The enhanced connectivity will unlock untapped tourism potential, further promoting India’s cultural and historical sites.

Hospitality Industry’s Growth Prospects

Echoing similar sentiments, Mr. K Syama Raju, President of the Federation of Hotel & Restaurant Associations of India (FHRAI), emphasized the budget’s role in developing top tourism destinations in partnership with state governments. He lauded the decision to grant Infrastructure Status to hotels in these areas, which will facilitate long-term, cost-effective financing and improve hospitality standards.

“The inclusion of hotels in the harmonious master list aligns with our long-standing request for Infrastructure Status, allowing access to lower-cost funding for hospitality expansion,” said Mr. Raju.

image

Another major highlight was the focus on medical and wellness tourism through the 'Heal-in-India' initiative. With India already being a global leader in affordable, high-quality medical treatments, this initiative is set to attract more international patients, strengthening the country’s healthcare tourism sector.

The government’s focus on religious tourism was also well received. Enhancing infrastructure at key pilgrimage sites is expected to create more organized and accessible travel experiences for both domestic and international visitors. Additionally, the visa fee waivers and simplified e-visa options will further support inbound tourism growth.

Support for Entrepreneurship & Innovation

Innovation and entrepreneurship were also key focus areas in the budget, receiving praise from Mr. Sanandan Sudhir, Founder and CEO of On2Cook. He highlighted the government’s Rs 20,000 crore allocation to promote innovation and the introduction of a fund of funds for next-generation entrepreneurs as pivotal measures for fostering global capabilities in India.

“We appreciate the introduction of the National Framework for promoting innovation in tier 2 cities and the proposal for Centres of Excellence in AI for Education. These initiatives, coupled with the Bharat Trade Net platform to enhance international trade, will play a crucial role in positioning India as a global innovation hub,” said Mr. Sudhir.

image

However, he also urged the government to reconsider the current tax regime and introduce lower GST rates for sustainable, globally patented products. He further suggested subsidizing international certification costs to ease export market entry for startups.

The Road Ahead

Overall, the Union Budget 2025 has been met with enthusiasm from the hospitality and innovation sectors. With targeted infrastructure investments, enhanced connectivity, and policy support for tourism and entrepreneurship, industry leaders believe these measures will position India as a premier global destination for travelers, businesses, and investors alike.


Bharti Real Estate Launches World St. at Aerocity, New Delhi

Bharti Real Estate Launches World St. at Aerocity, New Delhi

By Manu Vardhan Kannan

Published on May 5, 2026

Bharti Real Estate, the real estate arm of Bharti Enterprises, has unveiled World St. at Worldmark in Aerocity, New Delhi. Positioned as “The Social Spine of Worldmark,” the new development brings together dining, leisure and lifestyle experiences in a vibrant, walkable setting.

Spread across nearly half a kilometre and connecting Worldmark 4, 5 and 6, World St. covers around 2,60,000 sq. ft. of gross leasable area. The pedestrian-friendly promenade is designed to offer a mix of global cuisines, alfresco dining spaces, green courtyards, art installations and thoughtfully designed street elements. It aims to create a lively environment where work, culture and social life come together in one place.

The destination is set to become a key attraction in Aerocity, offering everything from cafés and patisseries to fine dining restaurants and bars. With its design and curated experiences, World St. is envisioned as one of India’s most engaging dining and lifestyle hubs.

image

Adding to its appeal, the project will host the India debut of well-known global brands. Olive Garden, the popular American-Italian casual dining chain owned by Darden Restaurants, is set to open soon at World St. Time Out Market, known globally for its food and cultural experiences, will also launch its first India outlet here. The space will span 24,500 sq. ft. and include 11 kitchens, two full-service bars, a private event area, a live performance stage and seating for over 500 guests.

Speaking about the launch, SK Sayal, MD & CEO, Bharti Real Estate, said, “Worldmark, Aerocity is already home to some of India's finest F&B names. With World St. at Worldmark, we are raising the bar creating a vibrant, pedestrian-friendly spine that brings together a thoughtfully curated mix of global and premium offerings. World St. is not just for our office community, but for every traveller, food lover, and city dweller. It is the social heartbeat of India's Global Business District.”

Bharti Real Estate continues to play a major role in shaping Aerocity as a leading business and lifestyle destination through its Worldmark portfolio. Spread across approximately 17 million sq. ft., the development is being delivered in phases. Worldmark 1.0 is fully operational and houses Fortune 500 companies and global financial institutions. Worldmark 2.0, covering around 7 million sq. ft., is under advanced development with premium office spaces already delivered and more in progress, along with a large retail component planned for the future. Worldmark 3.0 is also under development, while Worldmark 4.0 is planned as a future expansion over the next few years.

With the launch of World St., Bharti Real Estate is set to further strengthen Aerocity’s position as a modern hub that blends business, hospitality and lifestyle experiences.


Dollar Industries Founder Shri Dindayal Gupta Passes Away, Marking End of an Era

Dollar Industries Founder Shri Dindayal Gupta Passes Away, Marking End of an Era

By Manu Vardhan Kannan

Published on May 4, 2026

Renowned industrialist and Founder & Chairman Emeritus of Dollar Industries Limited, Shri Dindayal Gupta, passed away today in Kolkata due to age-related ailments. His passing marks the end of a significant chapter not only for the company but also for India’s hosiery and apparel industry.

A visionary who shaped the company’s growth for more than five decades, Shri Gupta led Dollar Industries Limited with strong commitment and clarity. What began as a modest venture eventually grew into one of India’s leading hosiery and apparel brands, with the company expanding into a Rs 1700+ crore conglomerate under his leadership.

Born on 13th September, 1937, in Manheru village in Haryana’s Bhiwani district, Shri Gupta came from a humble background. Despite limited resources, he built his journey with determination and a clear vision. In 1962, he moved to Kolkata (then known as Calcutta), where he began manufacturing and selling hosiery products designed to suit customers’ budgets and needs. He focused on building manufacturing and finishing facilities while also creating a strong retail and distribution network, including markets that were often overlooked by others.

Driven by a desire to build something meaningful, he laid the foundation of Dollar Industries Limited in 1972. Over time, the brand became a trusted household name known for quality and innovation. Dollar was also among the early companies to expand into underserved regions such as Madhya Pradesh (now MP & Chhattisgarh), the Seven Sisters of North East India, and hill regions like Darjeeling in the eastern Himalayas.

Beyond his business achievements, Shri Gupta remained deeply involved in social and community initiatives. He was actively associated with the Arya Pratinidhi Sabha and held key roles within the Bengal Pratinidhi Sabha. He also served as the former Vice-President of Sarvadeshik Arya Pratinidhi Sabha and contributed to Paropakarini Sabha of Ajmer, known for preserving the legacy of Swami Dayanand Saraswati. In Kolkata, he also initiated the Burns unit and related infrastructure at the Marwari Relief Society.

His contributions to education were equally notable. Shri Gupta was the Founding Father of Haryana Vidya Mandir, a CBSE school in Bidhannagar, North 24-Parganas, West Bengal. He supported Gurukuls as a co-founder and sponsor, and also played a key role in reviving the school in his native village, Manheru. His efforts reflected a strong belief that access to education is essential for social progress and national development.

He also supported organisations working in elderly care, including Maharshi Dayanand Yogashram Tripura and Sukhanand Foundation, leaving a lasting impact beyond the business world.

Over the years, Shri Gupta received several recognitions for his contributions, including the Lifetime Achievement Award from the West Bengal Hosiery Association and the Sanmarg Business Award.

Shri Dindayal Gupta is survived by his wife, four sons, and grandchildren, who continue to lead and grow the Dollar Industries business legacy.


IHCL Signs Amã Stays & Trails Bungalows in Port Blair

IHCL Signs Amã Stays & Trails Bungalows in Port Blair

By Manu Vardhan Kannan

Published on May 4, 2026

amã Stays & Trails, the premium homestay offering from Indian Hotels Company (IHCL), has announced the signing of a new cluster of bungalows in Port Blair, marking its entry into the Andaman and Nicobar Islands.

Mr. Puneet Chhatwal, Managing Director and CEO, IHCL, said, “As travel preferences continue to evolve towards experience-led stays, the homestay segment has emerged as a strong driver of growth. With a portfolio of over 370 bungalows across India, the expansion of amã Stays & Trails to the Andaman and Nicobar Islands, marks the brand’s foray into the island destination reflecting our focus on building a diversified presence across leisure destinations. We are delighted to partner with Mr. Abhishek Singh for this project.”

The upcoming amã Stays & Trails, Port Blair will feature ten bungalows set in lush green surroundings, located within walking distance from Manjery beach. The property will include a restaurant along with a range of amenities such as a fully equipped gym, spa, meditation and yoga decks, and a swimming pool. Guests will also have the opportunity to explore activities like snorkelling in clear waters and experiencing the region’s unique colonial and tribal heritage.

Known for offering stays that reflect local culture and heritage, amã Stays & Trails continues to expand its presence across scenic destinations in India. The portfolio already includes over 370 bungalows across locations such as Goa, Himachal Pradesh, Uttarakhand, Karnataka, Kerala, Maharashtra, Rajasthan, Tamil Nadu, West Bengal, Pondicherry, and Sikkim, among others.

Mr. Abhishek Singh, Founder & Chairman, Terra Rex Realty and Terra Rex Energy, said, “Port Blair, a historic town and the gateway to the Andaman and Nicobar Islands, offers travelers a unique blend of natural beauty and cultural heritage. We are delighted to collaborate with IHCL’s amã Stays & Trails on this project to bring these experiences to life for our guests.”

Port Blair, the capital of the Andaman and Nicobar Islands, is known for its scenic beaches such as Chidiya Tapu and landmarks like the Cellular Jail, offering visitors a mix of natural beauty and historical significance.

With this signing, IHCL continues to strengthen its presence in leisure destinations, while expanding its homestay portfolio to meet the rising demand for experience-driven travel.

Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!

Subscribe to Hospitality news e-magazine for free and never miss an issue.

By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.

Advertise With Us

We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.