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.


Mangaluru International Airport Begins Terminal Expansion to Double Passenger Capacity by 2029

Mangaluru International Airport Begins Terminal Expansion to Double Passenger Capacity by 2029

By Manu Vardhan Kannan

Published on November 13, 2026

Mangaluru International Airport has commenced work on expanding its integrated terminal to handle the growing number of air travellers. The project is expected to increase the airport's annual passenger handling capacity from 2.5 million to 5.2 million by the end of 2029, according to airport authorities.

The expansion will add 27,100 square metres of built-up area on the eastern side of the existing terminal, while the current 48,574-square-metre facility will also undergo modifications to accommodate the rising passenger traffic.

The airport handled a record 2.55 million passengers during the 2025-26 financial year, crossing its originally planned annual capacity of around two million passengers. Passenger traffic has increased by nearly 42% over the last three years, rising from 1.79 million in 2022-23. The airport authorities expect passenger numbers to grow at an annual compound rate of around 9%, crossing four million by 2030-31.

As part of the expansion, the airport will improve several passenger facilities, including check-in counters, security screening, immigration, baggage handling, and arrival and departure areas. These improvements are expected to make passenger movement smoother and improve the overall airport experience.

The development will also introduce a public viewing gallery, which visitors can access after security clearance. An open-air recreational area overlooking the airfield and the Gurupura River valley is also part of the plans.

In addition to the terminal expansion, a separate multifunctional building is proposed to accommodate more than 800 vehicles through a multi-level parking facility. The building will also include office spaces, passenger amenities, food and beverage outlets and recreational facilities. A dedicated pedestrian bridge connecting the building to the terminal will feature travelators and buggy services to make movement easier for passengers.

The airport authorities said the expansion is being taken up considering Mangaluru's growing importance as a commercial, industrial, educational and healthcare centre in the region, along with the increasing demand for air travel across coastal Karnataka.

Once completed, the upgraded infrastructure is expected to improve passenger processing, support airport operations and accommodate future travel demand. The terminal expansion is scheduled to be completed by the end of 2029.


Palmonas Expands Mumbai Retail Presence with New Store in Bandra West

Palmonas Expands Mumbai Retail Presence with New Store in Bandra West

By Hariharan U

Published on November 11, 2026

Palmonas has expanded its retail presence in Mumbai with the opening of a new store on Turner Road in Bandra West, bringing its jewellery collections closer to shoppers ahead of the festive season.

The new outlet arrives during a busy period for festive shopping, offering customers a convenient destination to explore jewellery for celebrations, family gatherings, gifting and everyday styling.

The store features Palmonas’ range of Demi-fine® jewellery, 9KT Gold jewellery and Fine Silver designs. With collections spanning different styles and occasions, shoppers can explore everyday accessories alongside pieces suited to festive dressing and special moments.

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The opening reflects Palmonas’ continued focus on expanding its offline retail footprint across key urban markets. By establishing a presence in Bandra West, the brand aims to make its collections more accessible to customers who prefer exploring jewellery in a physical retail environment.

The festive season brings increased interest in occasion-ready accessories and gifting options. The new store adds another location for Mumbai shoppers to discover Palmonas’ offerings across its jewellery categories.

Store Details

  • Brand: Palmonas

  • Address: Shop No. 3, Ground Floor, 36, Turner Road, Bandra West, Mumbai, Maharashtra 400050


Pune Gas Opens 10th Experience Centre in Mangaluru, Expands Karnataka Presence

Pune Gas Opens 10th Experience Centre in Mangaluru, Expands Karnataka Presence

By Hariharan U

Published on November 11, 2026

Pune Gas has opened its 10th Experience Centre in Mangaluru, expanding its presence in Karnataka and bringing its commercial and industrial gas solutions closer to businesses across Dakshina Kannada and coastal Karnataka. The new facility is the company's second centre in the state, following its Bengaluru location.

The Pune Gas Mangaluru Experience Centre was inaugurated by D. Vedavyasa Kamath, Member of the Karnataka Legislative Assembly, Mangaluru City South, and S. Mukund Kamath, CMD, Ideal Ice Cream Pvt. Ltd.

The inauguration was attended by representatives from the oil and gas industry, including Sandeep Kumar Raina, LPG Territory Manager, BPCL, Mangaluru; Darshit Malviya, Manager – Sales, BPCL, Mangaluru; and Lakshmi M, CRM, HPCL. The centre will be locally managed by franchise partners Vindya Pai and Nithyanand Pai, with technical and leadership support from Pune Gas.

Mangaluru's Commercial and Industrial Energy Demand

Mangaluru and the wider Dakshina Kannada region have a diverse business base spanning hospitality, restaurants, seafood and marine products, cashew and food processing, chemicals, petrochemicals, fertilisers and manufacturing.

Industrial areas such as Baikampady, Yeyyadi, Ganjimutt and Karnad contribute to the region's commercial and manufacturing activity. Businesses across these sectors depend on reliable energy systems for commercial kitchens, process heating and other operational requirements.

The region's seafood and cashew industries also have export potential. The Ministry of Commerce and Industry has identified these products under Dakshina Kannada's District Export Hub designation, while Karnataka Tourism highlights the Mangaluru–Udupi region's coastal cuisine and seafood traditions.

For businesses operating in these sectors, efficient LPG systems can help improve fuel utilisation, reduce wastage and manage operating expenses.

Pune Gas Highlights Its Energy Efficiency Solutions

Speaking at the launch, Jesal Sampat, Executive Director and CEO, Pune Gas, said, “Improving energy efficiency is essential to helping businesses manage operating costs and enhance operational performance. Mangaluru and coastal Karnataka present an important opportunity for us to bring our engineering expertise closer to Dakshina Kannada's diverse and growing business community.”

He added that Pune Gas solutions were helping businesses save nearly ₹1,400 crore annually, according to the company's estimates, by addressing fuel inefficiencies. The new centre, he said, would make its technologies and technical expertise more accessible to businesses across the region.

Nithyanand Pai, Pune Gas Mangaluru Franchise Partner, highlighted the scale of commercial LPG consumption in Karnataka, estimating daily demand at approximately 850 metric tonnes, equivalent to around 44,000 commercial LPG cylinders. He said the franchise would focus on helping regional businesses optimise LPG consumption and reduce fuel wastage.

Inside the Mangaluru Experience Centre

The new centre offers businesses an opportunity to explore Pune Gas's commercial and industrial gas systems through product demonstrations and technical guidance. Its portfolio includes:

  • Dry-Type LPG Vaporizer: The company's patented, Made-in-India technology converts liquid LPG into gas for commercial and industrial applications. System sizing is tailored to individual operational requirements.

  • LPGenius Smart LPG Systems: An integrated LPG solution designed to improve fuel utilisation and maintain consistent operations. It addresses issues such as cylinder freezing and sweating and works with LOT (Liquid Off-Take) 47.5 kg cylinders. Pune Gas states that the system can deliver 20–30% savings on LPG costs, depending on operating conditions.

  • FuelFusion: A dual-fuel system that enables compatible diesel generator sets to operate using diesel and LPG. According to the company, it can reduce diesel consumption by up to 70%, depending on system compatibility and operating conditions, while supporting lower-emission operations.

  • LeakCheck and Handheld Sniffer: Gas leak detection solutions designed to help identify potential leaks and support timely corrective action.

  • GasTrain Pressure Regulation Systems: Precision-engineered systems that regulate gas pressure according to equipment and process requirements, supporting controlled gas delivery.

  • Gas Parts and Consumables: Components for commercial and industrial LPG and natural gas infrastructure, supported by technical guidance.

Pune Gas Experience Centre, Mangaluru

Address: Vindhya Appliances, Shop No. FF 10, Lotus Atharva, Ashok Nagar, near Urwa Marigudi, Mangaluru – 575006.

About Pune Gas

With a history spanning more than 40 years, Pune Gas designs, develops and implements gas-based energy systems for commercial and industrial applications. The company operates across India and 20 international markets, serving sectors including manufacturing, healthcare and hospitality.

Its portfolio includes LPG and natural gas systems aimed at improving energy efficiency, reducing operational costs and supporting the adoption of cleaner energy solutions.

For more information, visit Pune Gas.

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