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.

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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.

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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.

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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.


Athulya Senior Care Inaugurates Third Senior Care Facility in Bengaluru

Athulya Senior Care Inaugurates Third Senior Care Facility in Bengaluru

By Manu Vardhan Kannan

Published on August 14, 2026

Athulya Senior Care has inaugurated its third senior care facility in Bengaluru at Mathikere, further strengthening its presence and commitment to building a comprehensive senior care ecosystem in the city.

U.T. Khader, Minister for Health & Family Welfare, Government of Karnataka, inaugurated the new facility in the presence of healthcare professionals, senior citizens, partners and members of the Athulya family. Athulya Senior Care also acknowledged the support of Raksha Ramaiah and the MSR Infrastructure team for their partnership in developing the new facility. The purpose-built centre has been designed around the specific needs of seniors, bringing care, comfort, rehabilitation and dignity together under one roof.

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Located in Mathikere, one of Bengaluru's premium residential neighbourhoods, the new geriatric care centre has been developed exclusively for senior citizens. It offers a range of services aimed at supporting seniors through different stages of care while also promoting active ageing and overall wellbeing.

The facility features 75 suite rooms, well-appointed living spaces and dedicated rehabilitation zones. It also includes technology-enabled physiotherapy services with virtual reality-based rehabilitation, specialised memory care infrastructure, emergency medical support, nutritious diet management and recreational spaces.

With the new centre, Athulya Senior Care now has 13 facilities live across India, including three centres in Bengaluru. The organisation has also crossed 300+ dedicated senior care beds in Bengaluru, expanding access to specialised geriatric care in the city. The new facility adds to Athulya's wider network of senior care services, with 1500 beds across India. Its expansion reflects the growing need for dedicated senior care spaces that combine medical support with rehabilitation, comfort and everyday wellbeing.

With 1500 beds across India and 300+ beds in Bengaluru, Athulya Senior Care continues to work towards one shared commitment, enabling seniors to age with dignity, independence and purpose.


ICAI to Support TTD in Strengthening Accounting and Financial Management Systems

ICAI to Support TTD in Strengthening Accounting and Financial Management Systems

By Manu Vardhan Kannan

Published on August 11, 2026

The Institute of Chartered Accountants of India (ICAI) held the 16th Meeting of its Strategy and Perspective Planning and Monitoring Committee at Tirupati on August 5, 2026, reaffirming its focus on supporting public institutions through professional expertise and research.

As part of the initiative, the ICAI Accounting Research Foundation (ICAI ARF) will conduct a detailed research study and prepare a project report to develop a stronger framework for the accounting and audit systems of the Tirumala Tirupati Devasthanams (TTD). The proposed work will focus on strengthening the existing systems and bringing accounting and financial management practices in line with current requirements.

During the visit, Sri Muddada Ravichandra, IAS, Executive Officer, TTD, met with the Central Council Members of ICAI. The discussions covered areas of collaboration between ICAI and TTD, including accounting reforms, financial reporting and governance. The Central Council Members also shared suggestions on expanding the partnership into other areas.

Speaking on the occasion, CA. Prasanna Kumar D, President, ICAI, said, "ICAI is collaborating with TTD in reviewing and updating the Accounting Manual of TTD, including the Chart of Accounts, to align it with the prevailing Accounting Standards and global best practices. The initiative will also focus on integrating ERP-based accounting processes to ensure uniformity and strengthen financial management systems across all institutions under TTD."

Appreciating the initiative, Sri Muddada Ravichandra, IAS, Executive Officer, Tirumala Tirupati Devasthanams (TTD), stated, "We appreciate ICAI for extending its support to TTD in strengthening our accounting and financial management systems."

The collaboration reflects ICAI's continued efforts to support public institutions through professional expertise, research-based inputs and the use of best practices in accounting, auditing and financial management. The initiative is expected to help TTD develop a modern and stronger financial management framework, while aligning its systems with contemporary accounting standards and governance requirements.


Longines Opens Third Boutique in Bengaluru with Sara Ali Khan

Longines Opens Third Boutique in Bengaluru with Sara Ali Khan

By Manu Vardhan Kannan

Published on August 11, 2026

Swiss watch brand Longines has opened its third boutique in Bengaluru at Phoenix Market City, marking another step in its presence in the city. The boutique was inaugurated by Longines Friend of the Brand Sara Ali Khan.

Following the inauguration, Sara Ali Khan also visited the brand’s boutique at Phoenix Mall of Asia, enjoying an outing with Longines in a relaxed vacation mode setting.

Speaking at the event, Sara said, “Given the fact that this is Longines third store in Bengaluru speaks volumes about the loyalty of its customers in this city. I hope this success story is replicated everywhere in India.” She further added, “Longines quietly marks every moment with effortless joy and elegance, that’s what makes it unique.”

For the season, Longines is presenting a selection of its latest releases across different collections. The range includes the refined PrimaLuna, versatile Conquest, seaside-inspired HydroConquest, and the exploratory Longines Legend Diver, offering timepieces designed for different settings, from busy city days to relaxed beach escapes.

The new boutiques reflect the brand’s wider universe and showcase its latest product range. Visitors can explore the refined shapes of PrimaLuna and DolceVita, the sporty HydroConquest, as well as the watchmaking tradition represented by the Longines Master Collection and heritage timepieces.

With its third boutique in Bengaluru, Longines continues to strengthen its presence in the city while bringing its latest collections closer to its customers.

Addresses:

  • Address: Longines Boutiques - Ground Floor, Phoenix Market City, Bengaluru / First Floor, Mall of Asia, Bengaluru / First Floor, UB City, Bengaluru.

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