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WWW.HOSPITALITYBIZINDIA.COMundoubtedly ease access to financial resources and enable much-needed development in key regions. Additionally, the introduction of initiatives like the promotion of medical tourism and the provision of Mudra loans for homestays will create avenues for rural tourism within the hospitality sector. This budget aligns well with the industry%u2019s need for support in expanding its reach, fostering local businesses, and driving sustainable growth in 50 select destinations. With these measures, we look forward to seeing a more vibrant hospitality ecosystem that will benefit both businesses and the communities they serve.%u201dAmbika Saxena, CEO, TWH Hospitality%u201cThis year, the government has presented a well-balanced and growth-oriented budget, specifically supporting the tourism and hospitality sectors. The modified Udaan scheme will open doors for the hospitality sector by bringing new tourist destinations into the spotlight. Hotels, resorts, and homestays in unexplored regions will see a surge in demand, encouraging further investment and development. With the government%u2019s push for connectivity and including new 120 destinations, we expect a stronger pipeline in the hospitality sector, catering to both business and leisure travellers in emerging tourism hotspots.%u201dArun K Chittilappilly, Executive Chairman and MD, Wonderla Holidays Ltd.%u201cThe Union Budget 2025%u2019s focus on tourism is a visionary step toward strengthening India%u2019s travel landscape. Developing 50 top destinations with state collaboration, enabling land and hotel projects, and introducing MUDRA loans for homestays will boost infrastructure, employment, and sustainable tourism. E-visa extensions and visa fee waivers further enhance accessibility for global travelers. Additionally, tax reforms, including TDS rationalization and higher income exemptions, will increase disposable income, encouraging greater discretionary spending%u2014especially among Gen Z. These measures position India as a global tourism hub while driving economic growth.%u201dChander Mansharamani, Vice Chairperson, ICPB%u201cThe Union Budget 2025 is a commendable step towards strengthening India%u2019s tourism industry, with the development of 52 new destinations, improved connectivity under UDAN, and a strong focus on Buddhist, medical, and wellness tourism. These initiatives will not only enhance India%u2019s appeal as a global travel destination but also open new avenues for the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry.As India continues to invest in tourism infrastructure and simplify travel procedures, it is crucial to recognize the economic and social impact of the MICE sector. The industry contributes significantly to business tourism, employment generation, and overall economic growth. We at ICPB (India Convention Promotion Bureau) urge the government to prioritize the MICE industry within the tourism framework, ensuring policies and incentives that position India as a leading global MICE destination. With strategic initiatives, India has the potential to become a preferred hub for international conferences, exhibitions, and corporate events, driving long-term growth and positioning the country as a powerhouse in the global meetings industry.%u201dHOSPITALITY BIZ n FEBRUARY, 2025 COVER STORY 17