As the big day of the budget 2025 announcement is approaching, the travel and tourism industry is buzzing with excitement, anticipation, and expectations. Industry leaders are looking forward to innovative measures that include ways to harness technology, improve infrastructure, and ultimately create a traveler-friendly ecosystem.
Sharing insights on the travel and transportation sector, Mr. Hari Somalraju, Managing Director & Chief Executive Officer, SYSTRA India shared, “Currently, our nation is in a transitional phase in the urban transportation segment, and the Union Budget 2025 would go a long way in defining its future. India currently has the third largest metro network in the world with over 1,000 kilometers of network across 23 cities and it aims to be the second largest network with another 1,000 km in the pipeline. It is crucial to implement transit-oriented development, which allows the reduction of traffic congestion by 30% and the increase in property values near transit stations by 20%. Delhi-Ghaziabad-Meerut Corridor, as well as expansions like Delhi Metro Phase IV, demonstrate the government’s commitment to effective urbanization and mobility solutions.”
Further, while talking about the pre-budget wishlist, he continued, “In the railway infrastructure, there are expected plans and investments in high-speed rails, new types of freight transport, renewable energy project plans, and modernization of stations. Implementing the Kavach anti-collision system and using AI and IoT to expand it will improve safety and functionality. Furthermore, capacity-building initiatives for PPP and terminal redevelopment by private players will complement the ecosystem.”
“The next budget is set to be a historical one for the metro and railway sectors particularly focusing on safety, technology, and sustainability. At SYSTRA India, we stand ready to support these initiatives to enable the paradigm shift in India’s transport system for the better to meet the requirements of the future,” he said sharing his key expectations.
Further, Manoj Adlakha, The Founder & CEO of RedBeryl™️told us, “ Looking ahead to the Budget 2025-26, the industry awaits change that will catalyze development and unlock growth in the hospitality sector. Robust investments in infrastructure, including the expansion of international airports into Tier 2 and Tier 3 cities. This opens up exciting opportunities for people in these regions to enjoy the same conveniences, travel experiences, and vibrant lifestyles as those in major metropolitan hubs. Streamlined policies will not only make travel seamless but also elevate India’s standing as a global tourism hub, showcasing our rich heritage to the world while driving economic growth.”
“The measures suggested by FHRAI such as extending infrastructure status to boutique hotels, easing licensing norms, and rationalization are in the right direction. These initiatives hold immense potential to spur revenue generation, create jobs, and catalyze the industry’s overall development,” he added.
“Such a vision can create the framework for a prosperous hospitality industry—one that is sustainable, innovative, and propelling India’s tourism economy forward,” concluded Mr. Manoj.
