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Capex Budget for tourism sector remains under-utilized despite infrastructure needs

The Capex Budget for the tourism sector in Jammu and Kashmir has seen significant under-utilization despite substantial allocations for infrastructure development over the past two years. None of the Tourism Development Authorities (TDAs) have fully utilized their available funds, highlighting a critical gap between sanctioned budgets and actual expenditures.

Capex Budget for tourism sector remains under-utilized despite infrastructure needs

Credit: Dailyexcelsior

Key Highlights

  • No TDA fully utilized allocated funds in the last two years.
  • Significant gap between sanctioned and actual expenditure noted.
  • Strong Government intent to enhance tourism infrastructure in 2023-24.
  • Focus needs to shift from mere allocation to better utilization of resources.
  • Persistent under-utilization of resources across several TDAs.
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Sources

  1. Capex Budget for tourism sector remains under-utilized despite infrastructure needs

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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