Srinagar, May 20 -- In a major boost to the tourism and hospitality sector, Lieutenant Governor of Ladakh Vinai Kumar Saxena on Wednesday approved granting industry status to all registered hotels and guest houses in union Territory, a landmark decision aimed at extending incentives, concessions and infrastructure support to tourism units at par with other industries in the region from June 1A statement by Ladakh administration said the 'Industry' status for hotels and guest houses would make them eligible for electricity & water tariffs at industrial rates, which are cheaper than the commercial rates currently applicable to these units.
This would also make them eligible to avail concessional bank loans, under the State/ Central Govt indu...