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Progress halted: WBTDC’s profit takes a hit due to cash crunch

 MPost |  2016-12-09 22:39:18.0  |  Kolkata

The hasty and arbitrary decision of Modi government in demonetising notes has restricted the targeted growth in profit of West Bengal Tourism Development Corporation (WBTDC).

In reply to a question of Trinamool Congress MLA Samir Chakraborty regarding effect of demonetisation on the tourism sector in the state, Tourism minister Goutam Deb told the Assembly that “the set target of making Rs 10 crore profit in the next two years would have been reached by the end of 2016-17 fiscal if the Centre had not taken the decision if demonetisation so hastily”.

Deb told the Assembly that the WBTDC had made a profit of Rs 4.3 crore. The target was to make a profit of Rs 10 crore by the end of 2017-18 fiscal.

However, the development and steps taken by the state Tourism department had started attracting a large number of tourists and it increased manifold in the past few years. 

As a result WBTDC was proceeding in such a pace that it had achieved the Rs 10 crore target by the end of current fiscal.

Though there is no as such report of prior bookings getting cancelled, the booking of resorts in the peak season has almost stopped. It would lead to a huge loss.

The assessment of the projected turnover could not be done at present due to the volatile situation after demonetisation. It is learnt that the profit of WBTDC would touch to around Rs 7.5 to Rs 8 crore.
He further informed the Assembly about various steps taken by the Tourism department to attract tourists at different spots in the state.

Deb further stated that the cash crunch due to demonetisation has resulted in a considerable drop in the number of tourists in places like Dooars, Sunderbans and the hills.

He also elaborated the steps taken to bring different spots under the tourism map of Bengal.

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