New Delhi:  The pharma industry has sought incentives on research and development (R&D) investments, corporate tax breaks and setting up of an effective intellectual property system in the upcoming Budget. Anil Matai, director general of the Organisation of Pharmaceuticals Producers of India, said these initiatives would help the industry boost R&D and innovation.

Indian Pharmaceuticals Alliance General Secretary Sudarshan Jain says that the upcoming budget should focus on quality and innovation. At the same time, Finance Minister Nirmala Sitharaman has completed the process of dialogue with all stakeholders before the budget.

The hospitality industry says that the government should give infrastructure status to hotels in the upcoming budget. This will help in attracting more investment in new properties. The industry says that hotels should not be classified as luxury. This sector has the potential to play an important role in India's development. Hotel Association of India President KB Kachru says that this industry is burdened with high taxes, expensive and various licenses and compliance of rules.

The cost of operating a hotel is high. This makes investing in hotels risky. There is a need to make investment in hotels more attractive and promote ease of doing business.