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Ludhiana: The hospitality industry is upbeat over the new state excise policy that was finalised by the Punjab cabinet on Monday. According to businessmen, the initiative to slash liquor licence and assessed fees for hotels, bars and marriage palaces will support the industry, as it will not only cut down their expenditure on serving alcohol, but also allow them to reduce their rates, thereby attracting more customers.
Amarvir Singh, president of Hotel and Restaurant Association, Punjab, said, “The Punjab government has decided to reduce annual fixed licence fee for bars in hotels and restaurants by around 30% and fee on consumption of liquor (assessed fee) has also been cut. The annual licence fee for marriage palaces has been reduced by 20%. These steps will help in supporting the pandemic-hit hospitality sector. We are grateful to chief minister Captain Amarinder Singh, finance minister Manpreet Badal and cabinet minister Bharat Bhushan Ashu for accepting long-pending dem ....

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