BUSINESS

FHRAI says ECLGS extension is welcome, but hospitality sector needs specific stimulus package

Hospitality sector needs targeted stimulus: FHRAI

The Federation of Hotel & Restaurant Associations of India (FHRAI) on Friday welcomed the extension of the Emergency Credit Line Guarantee Scheme but said the sector needed a specific stimulus package to come out of distress. Gurbaxish Singh Kohli, VP, FHRAI, said it was highly capital- and labour-intensive, and without a specific stimulus, it would continue to bleed.PTI