Capital Market News Federation of Hotel & Restaurant Associations of India (FHRAI) has requested the government to grant industry status to the Hospitality Industry. It wants government to set up a corpus fund to incentivize all states to align their policies and set off any losses that may occur due to its implementation. Though industry status has been accorded to hotels by many state Governments, the incentives and privileges associated with an industry are never conferred to the industry. It is thus requested to classify the hospitality sector as an industry across the country and create a corpus which compensates states from any notional loss. The lower cost of operations spread over a higher payback period will reduce the cost of our supply which will boost demand and through a higher inflow of both foreign and domestic tourists will boost further confidence in capex spending in tourism and will thereby add to structural employment growth across our hinterlands.