The Federation of Associations in Indian Tourism & Hospitality (FAITH), which represents the country’s complete tourism, travel and hospitality industry, is seeking a government intervention to save the sector. The country that has the Taj Mahal -one of the New 7 Wonders of the World- among its destinations, is asking for measures that could relief tourism.
According to a statement made by the FAITH, the Indian tourism sector represents almost 12 percent of India’s employment, covering almost over 50 million direct and indirect jobs. The federation urged the government to create a relief package that could save them.
Among the possible measures, the FAITH had proposed a dedicated interest and collateral-free long-term fund for salaries and operating costs, a minimum 12-month waiver of fixed central, state statutory and banking liabilities without any compounding interest.