FICCI urges govt. to support tourism, hospitality industry

It has appealed for a moratorium on all working capital, principal, interest payments, loans and overdrafts which ended in August 2020, to be extended by another one year.

Industry chamber Federation of Indian Chambers of Commerce & Industry (FICCI) on Wednesday urged the government to provide support measures for the travel, tourism and hospitality industry which is facing liquidity crisis on account of the COVID-19 pandemic. The industry has come to a halt due to the pandemic which has resulted in many hotels and businesses closing down and job losses for many of those who depended on this industry for their livelihood. "Health experts have predicted that a third wave of COVID-19 is inevitable. The government needs to act now and provide immediate relief measures to resolve the urgent liquidity crisis faced by the industry," the chamber said in a statement.