Uttarakhand govt to offer tax holiday to tourism sector
Uttarakhand govt has decided to extend tax holiday and other benefits to tourism industry and hotels in the state that is home to attractions like Rishikesh and Haridwar.
"In the industrial policy announced by the state government up to 2010, tourism has been given the status of industry and as such tax holiday and other benefits will be extended to tourism indsutry," Pant told reporters at a press conference.
He said tourism budget in the state, created seven years back, has increased to Rs 92 crore from Rs 82 crore in the previous year.
The state government, he said, encourages private-public partnership to promote tourism in the state where tourists outnumbered population. Uttarakhand has a population of 84 lakh while the number of tourists visiting the state in 2007-08 was 2.22 crore, he said.
In the first six months of the current year, over 1.41 crore tourists including nearly 58,000 foreign tourists had visited Uttarakhand, he said.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.