Aviation policy, regulatory framework needs review: BAAI

New Delhi: There is a need to review the country''s policy and regulatory framework as per the global norms for the growth of business aviation sector in India, the BAAI has said.
"The sector (business aviation) is poised to be vital for our economy in future. We have to review policy and regulatory framework as per the global norms," Captain Karan Singh, Vice President of Business Aviation Association for India (BAAI) said during 2nd Indian Business Aviation Expo.
Speaking about the scope for development of business aviation sector, he said it is flourishing in other parts of the world and India just needs to adopt those business models.
Describing the sector as more than just an "enabler", he said it is the catalyst for the economy.
According to an estimate about 1.2 million people in US are directly employed in the business aviation sector and the same holds good for India, he added.
As an emerging economy, India remains the preferred destination for investments which can further leverage GDP growth over the next few years.
21/02/11 msn.com

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Categories: Airports Feb 2011