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	<title>infrastructure development Archives - FolksTimes</title>
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		<title>Union Budget 2025-26: A Game-Changer for India&#8217;s Tourism Industry</title>
		<link>https://folkstimes.com/union-budget-2025-26-a-game-changer-for-indias-tourism-industry/</link>
					<comments>https://folkstimes.com/union-budget-2025-26-a-game-changer-for-indias-tourism-industry/#respond</comments>
		
		<dc:creator><![CDATA[rohinidas]]></dc:creator>
		<pubDate>Sun, 02 Feb 2025 08:31:55 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[e-visa]]></category>
		<category><![CDATA[India tourism]]></category>
		<category><![CDATA[infrastructure development]]></category>
		<category><![CDATA[medical tourism]]></category>
		<category><![CDATA[Nirmala Sitharaman]]></category>
		<category><![CDATA[regional tourism]]></category>
		<category><![CDATA[skill development]]></category>
		<category><![CDATA[spiritual tourism]]></category>
		<category><![CDATA[tourism growth]]></category>
		<category><![CDATA[tourism industry]]></category>
		<category><![CDATA[Union Budget 2025-26]]></category>
		<guid isPermaLink="false">https://folkstimes.com/?p=3864</guid>

					<description><![CDATA[<p>The 2025-26 Union Budget, presented by Finance Minister Nirmala Sitharaman, has sparked optimism in India’s...</p>
<p>The post <a href="https://folkstimes.com/union-budget-2025-26-a-game-changer-for-indias-tourism-industry/">Union Budget 2025-26: A Game-Changer for India&#8217;s Tourism Industry</a> appeared first on <a href="https://folkstimes.com">FolksTimes</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>The 2025-26 Union Budget, presented by Finance Minister Nirmala Sitharaman, has sparked optimism in India’s tourism sector with strategic measures to boost growth, employment, and global visibility. The key provisions focus on enhancing infrastructure, fostering local entrepreneurship, and positioning India as a prominent player in global tourism.</p>



<p>A standout initiative is the development of 50 key tourist destinations across the country, in collaboration with state governments. These destinations will receive necessary infrastructure upgrades, including hotels, as part of a comprehensive infrastructure development plan. States will play a pivotal role in providing land for these projects, with the goal of long-term sustainability through public-private partnerships.</p>



<p>The budget also introduces skill development programs, particularly in the hospitality sector, aimed at empowering youth through specialized training at institutes of hospitality management. Performance-based incentives will reward states that excel in tourism management, focusing on cleanliness, facilities, and promotional efforts.</p>



<p>To further improve accessibility, Sitharaman announced the simplification of e-visa processes, including visa fee waivers for specific tourist groups. Additionally, there will be a heightened focus on spiritual tourism, with special emphasis on destinations connected to the life of Lord Buddha.</p>



<p>Tourism industry leaders have lauded these measures, recognizing them as transformative for India’s tourism sector. Vishal Suri from SOTC Travel praised the infrastructure developments and the potential for boosting international travel. Karan Agarwal from Cox &amp; Kings expressed excitement over the focus on spiritual and medical tourism, while Rama Mahendru from Intrepid Travel highlighted the importance of regional accessibility through the UDAN scheme.</p>



<p>The Mudra Loan initiative, which supports local businesses and homestays, has also garnered praise, with Kush Kapoor from Roseate Hotels emphasizing its potential to create grassroots-level entrepreneurship. Pranav Dangi from The Hosteller and Dharamveer Singh Chouhan from Zostel both emphasized the regional focus, aiming to highlight India’s hidden gems and promote sustainable tourism.</p>



<p>The government’s focus on medical and wellness tourism was noted by Ashish Sidhra from Alike.io, who sees the &#8220;Heal in India&#8221; initiative as a step toward establishing India as a leading wellness destination. Rikant Pittie from EaseMyTrip and Ashwani Gandhi from Niraamaya Life also welcomed the focus on medical and wellness tourism, recognizing the significant role it will play in the country’s tourism growth.</p>



<p>With these initiatives, the 2025-26 Union Budget sets the stage for India’s tourism industry to thrive, offering new opportunities for local entrepreneurs, job creation, and global recognition. The push for infrastructure, connectivity, and sustainability promises a bright future for India’s tourism sector.</p>
<p>The post <a href="https://folkstimes.com/union-budget-2025-26-a-game-changer-for-indias-tourism-industry/">Union Budget 2025-26: A Game-Changer for India&#8217;s Tourism Industry</a> appeared first on <a href="https://folkstimes.com">FolksTimes</a>.</p>
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			</item>
		<item>
		<title>India&#8217;s Automotive Sector: A Thriving Industry Poised for Unprecedented Growth</title>
		<link>https://folkstimes.com/indias-automotive-sector-a-thriving-industry-poised-for-unprecedented-growth/</link>
					<comments>https://folkstimes.com/indias-automotive-sector-a-thriving-industry-poised-for-unprecedented-growth/#respond</comments>
		
		<dc:creator><![CDATA[Riddhima Thakur]]></dc:creator>
		<pubDate>Fri, 17 Jan 2025 14:53:25 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[auto industry growth]]></category>
		<category><![CDATA[car sales]]></category>
		<category><![CDATA[Electric Vehicles]]></category>
		<category><![CDATA[India automotive sector]]></category>
		<category><![CDATA[infrastructure development]]></category>
		<category><![CDATA[Make in India]]></category>
		<category><![CDATA[PM MODI]]></category>
		<category><![CDATA[Production-Linked Incentive]]></category>
		<category><![CDATA[smart mobility]]></category>
		<guid isPermaLink="false">https://folkstimes.com/?p=3398</guid>

					<description><![CDATA[<p>New Delhi, January 17, 2025 – Prime Minister Narendra Modi recently highlighted the remarkable growth...</p>
<p>The post <a href="https://folkstimes.com/indias-automotive-sector-a-thriving-industry-poised-for-unprecedented-growth/">India&#8217;s Automotive Sector: A Thriving Industry Poised for Unprecedented Growth</a> appeared first on <a href="https://folkstimes.com">FolksTimes</a>.</p>
]]></description>
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<p>New Delhi, January 17, 2025 – Prime Minister Narendra Modi recently highlighted the remarkable growth of India&#8217;s automotive sector, underscoring that the country is now selling over 2.5 crore cars annually, surpassing the population of many nations globally. This milestone reflects the vibrant expansion of the automotive industry, which continues to fuel India’s economic transformation.</p>



<p>Speaking at the <em>Bharat Mobility Global Expo 2025</em>, Prime Minister Modi attributed this impressive growth to several key factors, including India&#8217;s young and dynamic population, rising income levels, a rapidly expanding middle class, and government initiatives like the &#8220;Make in India&#8221; and Production-Linked Incentive (PLI) schemes.</p>



<h3 class="wp-block-heading">Key Drivers of Growth</h3>



<p>India’s automotive boom is largely driven by its burgeoning middle class, increasing urbanization, and the government&#8217;s investment in infrastructure development. The Prime Minister emphasized that the country’s young population, coupled with growing economic prosperity, has played a significant role in boosting demand for vehicles. With over 25 crore people moving out of poverty in the last decade, a new middle class has emerged with greater purchasing power and ambition, further stimulating demand for cars.</p>



<p>&#8220;In the last ten years, over 25 crore people came out of poverty, and this new middle class will buy vehicles,&#8221; said Prime Minister Modi. He also pointed out that the improved road infrastructure, multi-modal connectivity, and the advent of smart mobility solutions, such as Fastag, are all contributing to the rapid growth of the automotive industry.</p>



<h3 class="wp-block-heading">The Role of Government Initiatives</h3>



<p>The Indian government&#8217;s focus on infrastructure development is crucial to the future success of the automotive sector. In the recent Union Budget, more than Rs 11 lakh crore were allocated for the expansion of highways, multi-lane roads, and better connectivity across the country. These initiatives are expected to not only ease travel but also significantly reduce transportation costs, further stimulating vehicle sales.</p>



<p>Additionally, the &#8220;Make in India&#8221; initiative has been pivotal in making affordable vehicles accessible to the domestic market. This initiative has encouraged automobile manufacturers to ramp up production in India, reducing costs and making cars more affordable for the growing middle class.</p>



<h3 class="wp-block-heading">India as a Global Manufacturing Hub</h3>



<p>PM Modi also highlighted India’s increasing role as a global manufacturing hub for automobiles. The country is not only catering to its domestic demand but is also expanding its presence in international markets. Under the &#8220;Make in India, Make for the World&#8221; mantra, India&#8217;s automotive exports have been on the rise, showcasing the country’s potential as a global leader in car production.</p>



<p>India’s automotive industry is now poised for a major leap forward, as more companies set up manufacturing plants in the country, taking advantage of the PLI scheme and other supportive policies. These efforts are expected to make India a key player in the global automotive market.</p>



<h3 class="wp-block-heading">Smart Mobility and Sustainable Growth</h3>



<p>Looking ahead, the Prime Minister believes that the future of India’s automotive sector will be shaped by cutting-edge technologies and a focus on sustainable mobility solutions. With the growing emphasis on electric vehicles (EVs) and smart mobility, the sector is on track to embrace innovations that will further transform the way people travel.</p>



<p>&#8220;The journey of developed India is going to be a journey of unprecedented transformation and many-fold expansion of the mobility sector,&#8221; said Modi. He emphasized that as India moves toward smart mobility, the adoption of technologies like EVs, autonomous vehicles, and integrated transportation solutions will help make travel more efficient and environmentally friendly.</p>



<h3 class="wp-block-heading">Conclusion</h3>



<p>India&#8217;s automotive sector is experiencing unprecedented growth, driven by a combination of demographic factors, rising incomes, government policies, and a focus on infrastructure development. With the support of both the public and private sectors, India is on the path to becoming a global hub for automobile manufacturing and a leader in smart mobility solutions. The coming years are expected to witness a remarkable transformation in India’s automotive landscape, contributing significantly to the country&#8217;s vision of becoming a developed nation.</p>
<p>The post <a href="https://folkstimes.com/indias-automotive-sector-a-thriving-industry-poised-for-unprecedented-growth/">India&#8217;s Automotive Sector: A Thriving Industry Poised for Unprecedented Growth</a> appeared first on <a href="https://folkstimes.com">FolksTimes</a>.</p>
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