Tourism sector in dire straits as a consequence of COVID-19; wants pressing aid from govt: IATO

New Delhi, September 7

Industry physique IATO on Monday urged the federal government to supply instant aid to the tourism sector, which has been severely hit by the COVID-19 pandemic.

Most of the tour operators have been compelled to put off their employees, many have despatched employees on furlough and people who are remaining are getting lower than 30 per cent wage, the Indian Association of Tour Operators (IATO) stated in an announcement.

In gentle of this, IATO has sought varied aid measures from the federal government. This features a one-time monetary grant of the gross salaries quantity paid to the employees of tour operators on the premise of the steadiness sheet of the fiscal yr 2018-19 which is submitted with the federal government authorities, IATO stated.

The trade physique has additionally requested: “The government to raise duty drawback under the SEIS (Service Export India Scheme) from 7 per cent to 10 per cent. Such a measure would go a long way in alleviating the liquidity problem as the sector currently has zero billing and this would help tour operators to survive,” it added.

It has additionally sought modification in guidelines concerning granting of loans to the micro, small, and medium enterprises (MSMEs) as presently solely those that have established relationships with banks are being supplied loans, IATO stated.

“The tourism industry is in dire straits and needs urgent relief from the government. The measures we have sought do not involve huge outgo from the government but if these reliefs can be given now, these can go a long way in providing succour to the stressed sector failing which many tour operators would shut down,” IATO president Pronab Sarkar stated. PTI

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