By Admin 
Cait seeks marriage industry status: The All India Business Confederation i.e. CAT has urged the central government to give industry status to the marriage sector. Akshaya Tritiya is estimated to have around 21,000 marriages in the national capital Delhi, and the related expenses in this city alone are likely to exceed Rs 5,000 crore.
Kat’s argument is that weddings promote important trade in various fields including apparel, jewelery, food and food, decoration, photography, transport, hotel booking, program management and flowers services. CAIT National General Secretary and Member of Parliament, Praveen Khandelwal, estimates that India’s marriage industry is more than Rs 10 lakh crore.
Khandelwal further states that structured policy structure, monitoring and rules are required to organize the region and reduce cash transactions. Giving industry status and implementing regulatory inspection can lead to more transparency and strength in the Indian economy.
CAIT is urging the central government to formally recognize the marriage sector, collect inputs from stakeholders and form a high-level panel to form a comprehensive policy. The merchant association has also demanded this from the government, along with GST rates and criteria in the marriage service industry, steps should be made for the safety of small vendors and workers working in this area. CAIT believes that by organizing the marriage sector, organizing and formal form will be “sufficient and permanent contribution to the national economy”.
Significantly, there are thousands of marriages in the country every year and people spend crores of rupees on this occasion. In such a situation, business organizations are seeing a lot of potential in this, which is why the government is demanding to take this step.
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