” I think the key highlights for TFS and our business in this year’s union budget are the highway expansion of 25,000 kilometers, the emergency credit line guarantee scheme, and the ePassports roll out. These will definitely help the F&B sector in the longer term.
The F&B sector has witnessed immense losses during the pandemic, and we had hoped that there would be much more coming from this budget around that. These are good fundamental big steps which will help in the longer term, but the expectation was for some key actions for immediate impetus to the sector.
The author of this article is Gaurav Dewan, Chief Operating Officer and Business Head, Travel Food Services
The views and opinions expressed are not of IIFL Securities, indiainfoline.com
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