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Below are Perspective on Budget Expectations By Mr. Sanjay Kumar, CEO & MD, Elior India

"We hope that the government takes a broader view of this industry and at the back of the farm laws, re-introduce the input tax credit for food sales so that it helps streamline the entire agriculture commodities supply chain. Along with this, we are hopeful that the industry will get the much-needed support so that it begins recovering and reabsorb the employees who have lost their jobs and moved to their hometowns as a consequence of the pandemic.

One of the key drivers for the growth of the hospitality sector and particularly the foodservice sector is the need to enhance margins which are being compressed. The consequence of low margins business that it lends itself to malpractices, both in terms of production as well as regulatory compliance. We are hopeful that the government will now reduce the complexity of the regulatory governance of the foodservice industry so that it becomes more attractive for players to be compliant and follow established protocols of safety, particularly in the post-pandemic world."

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