Industry Leaders Share Expectations Ahead of Union Budget 2026

Industry Leaders Share Expectations Ahead of Union Budget 2026

By Manu Vardhan Kannan

Published on January 30, 2026

With the Union Budget 2026 set to be presented in the first week of February, expectations are building across the hospitality, tourism, and food services sectors. Industry leaders are looking to the upcoming budget for measures that can strengthen travel infrastructure, support sustainable tourism, ease operational pressures, and recognise the sector’s role in employment generation.

Sharing her views, Shruti Shibulal, Executive Vice Chair of the Board of Directors at Tamara Leisure Experiences, highlighted the opportunity for the budget to further strengthen India’s travel and tourism ecosystem. She said, "The approaching Union Budget has a strong opportunity to further strengthen India's travel and tourism ecosystem through focused interventions that promote ease of access, visibility and local employment."

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She emphasised the need to identify and promote new destinations, particularly across North India and the North East, to attract new traveller segments and ensure balanced regional growth. Improved connectivity under the UDAN scheme, she noted, could also help ease pressure on overcrowded destinations by redirecting tourist flows. On sustainable tourism, she pointed to India’s potential in nature-centric travel and suggested that a calibrated relaxation of wildlife sanctuary guidelines, while maintaining strict conservation norms, could support future-ready tourism development.

Shruti Shibulal also underscored the importance of simplifying visas for health and wellness tourism, extending the PRASAD scheme to more destinations with timely execution, and giving a focused policy push to cruise tourism along India’s coastline to enhance global competitiveness. Stressing safety and ease of travel, she called for a dedicated focus on tourism police under police modernisation schemes. She further added that support for rural cooperatives, along with sustained investment in skill development and local employment generation, especially in rural and emerging destinations, would help create participative tourism models that benefit local communities.

From the food services perspective, Pranav Rungta, Cofounder and Director of Nksha Restaurant and Vice President of NRAI Mumbai, spoke about the financial pressures facing the sector. He said, "The hospitality and food services sector is at a critical inflection point. Revisiting the GST notification on commercial leases under the Reverse Charge Mechanism would provide much-needed relief to operators already managing tight cash flows."

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He also highlighted the need to reintroduce support mechanisms such as SEIS to strengthen restaurants that contribute to foreign exchange earnings. According to him, the sector requires targeted subsidies, easier access to debt for SMEs, and formal industry status, given its significant contribution to employment. He further added that a dedicated food services ministry, along with structured employee welfare initiatives, would play a key role in building a more resilient and sustainable hospitality ecosystem.

As the industry awaits the Union Budget 2026, these expectations reflect a broader call for policy clarity, financial relief, and long-term structural support to help hospitality and allied sectors continue their growth momentum.


India Aviation Sector to Reach 500 Million Passengers by 2030

India Aviation Sector to Reach 500 Million Passengers by 2030

By Manu Vardhan Kannan

Published on April 26, 2026

India’s aviation sector is on track for strong growth, with passenger traffic expected to reach around 500 million annually by 2030 and nearly 1 billion by 2047. This projection was shared by industry leaders at the Airport 360 Expo 2026, held at the Bombay Exhibition Centre.

The growth is being supported by steady demand, expansion of airline fleets, and ongoing infrastructure development. With over 1,000 aircraft orders already in place, the sector is preparing for a major scale-up in the coming years.

Speaking at the event, BVJK Sharma, CEO, Navi Mumbai International Airport Ltd, said, “We are already one of the top three domestic aviation markets in the world, and we are continuing to grow rapidly. In 2025 itself, we handled about 4 million passengers and 3.5 million of cargo, which is around 20 per cent higher than the pre-COVID levels.”

He added that while the sector has historically grown at 10–12 per cent, the pace may gradually stabilise to around 5.6 per cent by 2044. However, in the near term, domestic air travel demand is expected to remain strong, with an initial year-on-year growth of about 17 per cent.

India’s aviation infrastructure is also expanding quickly, with more than 160 operational airports currently and continued investments under national programmes. The sector already contributes nearly USD 54 billion to the economy and supports millions of jobs. Emerging segments like MRO are also expected to play a key role in strengthening the overall ecosystem.

At Navi Mumbai International Airport, development is being carried out in phases, with plans to handle up to 90 million passengers by 2032. The focus remains on building strong connectivity, improving digital systems, and ensuring smooth operations through integrated planning.

Sharad Kumar, Chief Advisor, Airports Authority of India, highlighted that the sector is entering a crucial phase where growth needs to be backed by clear strategy. “Globally, the industry is being shaped by digital transformation, sustainability, and deeper integration across aviation, logistics, tourism, and trade. At the same time, recent geopolitical developments have highlighted the sector's vulnerability, impacting routes, costs, and operational efficiency,” he said.

He also noted that India has a strong advantage with rising demand, better infrastructure, and a long-term vision to expand to around 350 airports by 2047. Initiatives like UDAN have already improved regional connectivity, and the next phase will focus on efficiency, long-term viability, and better network integration.

A key focus going forward will be to reduce reliance on foreign hubs for international travel and create stronger domestic hubs. This includes improving policy support, strengthening infrastructure, and using technology to build a more efficient aviation ecosystem.

Organised by Media Fusion, the second edition of the two-day Airport 360 Expo brought together over 2,500 industry professionals, more than 70 exhibitors, and over 200 aviation experts. Participants from over 10 countries, including Germany, Singapore, Oman, Sri Lanka, Nepal, and Thailand, were part of the event.

With strong demand and continued investments, India’s aviation sector is steadily moving towards becoming a global hub in the coming decades.


Millennium Club Launches in Pune, Redefining Sport-Led Lifestyle Experiences

Millennium Club Launches in Pune, Redefining Sport-Led Lifestyle Experiences

By Hariharan U

Published on April 25, 2026

In a significant move towards building integrated urban lifestyle destinations, The Phoenix Mills Ltd, in partnership with Ileseum Clubs, has launched Millennium Club in Wakad, Pune. The new development brings together sport, wellness, hospitality, and community into a single, experience-led ecosystem.

Strategically located alongside Millennium Towers and Phoenix Mall of the Millennium, the Club is part of a larger mixed-use development spanning over 2.6 million sq. ft. of commercial and retail space. Designed as a lifestyle extension of the workplace and retail environment, Millennium Club reflects a growing shift towards integrated urban living.

Spread across approximately 62,000 sq. ft. over six floors, along with a pool and terrace, the Club offers a multi-dimensional experience. It features professional-grade sports infrastructure including pickleball, squash, and badminton courts, alongside expansive fitness and wellness zones. The space is designed to seamlessly transition from daytime fitness activities to evening social and hospitality experiences.

Enhancing its wellness offering, the Club has partnered with leading brands such as Fittr, Tattva Spa, and Manah Wellness, creating a holistic ecosystem focused on health and wellbeing.

A key highlight of the destination is Aufside, a sports-led hospitality concept developed by Aufside Hospitality LLP. Designed as a multi-level venue, it combines large-format sports screenings with social dining, catering to both high-energy match days and relaxed gatherings.

Commenting on the launch, Vithal Suryavanshi, CEO – Commercial Real Estate at The Phoenix Mills Ltd, said the Club is a natural extension of the company’s philosophy of building integrated destinations where work, leisure, and community coexist. He emphasised the importance of embedding wellness into everyday urban life rather than treating it as an occasional pursuit.

Pavit Singh, Co-Founder of Aufside Hospitality LLP and Managing Partner at Ileseum Clubs, highlighted that the launch marks a key milestone in expanding sports-led lifestyle destinations across India, tailored for the evolving expectations of modern consumers.

The launch comes at a time when India’s sports industry, valued at over ₹18,000 crore, is witnessing strong growth alongside rising demand for organised, experience-driven formats. Millennium Club responds to this shift by offering a scalable model that integrates sport, wellness, and social engagement within a single platform.

With expansion plans already underway across key cities, Millennium Club is positioned as a flagship prototype for the next generation of community-driven, sport-led urban destinations in India.


Garden Café Marks Earth Day with Everyday Sustainability

Garden Café Marks Earth Day with Everyday Sustainability

By Hariharan U

Published on April 24, 2026

On the occasion of Earth Day, Garden Café highlights how sustainability can be seamlessly integrated into everyday operations. One of Kolkata’s oldest café brands, the establishment has built its identity not just around food and community, but also on responsible practices that reduce environmental impact.

Founded with the vision of creating an accessible and community-friendly space, the café has evolved over the years while staying rooted in its core values. Under the guidance of its founder, Sandip Nowlakha, the brand has been reimagined to reflect a more conscious way of operating without compromising on its inclusivity and legacy.

Today, with five outlets across Kolkata, including its newest in Newtown, Garden Café continues to expand while maintaining a balance between growth and responsibility. A notable example is its waste management approach, where food waste is systematically redirected to piggeries. This simple yet effective practice helps reduce landfill contribution while supporting a circular system.

Further reflecting its forward-thinking mindset is its in-house brand ‘Jiggis,’ which has introduced probiotic potato chips, an innovation seen in only a few companies globally. Alongside this, the café’s association with initiatives like Art of Living and participation in social awareness campaigns reinforce its commitment to mindful living.

Rather than relying on one-off initiatives, Garden Café focuses on consistency in everyday actions from responsible waste handling to conscious product innovation.

Speaking about the philosophy, Sandip Nowlakha shared that sustainability is not a separate effort but a part of daily decision-making, ensuring that growth does not come at the cost of responsibility.

As conversations around sustainability grow louder, Garden Café’s approach serves as a reminder that long-term impact is built through small, consistent choices made every day.

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