Lords Hotels & Resorts on Union Budget 2017


thumbnail_Lords Logo“We had hoped for the FM to announce some incentives for investing in new projects in the tier 2 & 3 cities that draw tourists but lacks good hospitality infrastructure. Many renowned and international hospitality groups are investing in India because they too see the growth potential here. However, the Government has not doled out anything of much consequence to the sector. Except for the 5 per cent reduction in tax for MSMEs which will elevate the tax burden on us, there is nothing that hospitality players such as us will benefit from,”

                                          Mr. Rishi Puri, Vice President, Lords Hotels & Resorts