New Delhi: The Centre is considering allowing investment by foreign airlines in India, Civil Aviation Secretary Nasim Zaidi said here on Tuesday.
Addressing the India Aviation meet, organised by the Confederation of Indian Industry (CII) here, Dr. Zaidi said the Civil Aviation Ministry had received a request from the Department of Industrial Policy and Promotion regarding allowing of foreign airlines' investment in India. “This is under consideration and a decision on this will be taken soon,'' he said.
Elaborating on the overall contribution of the civil aviation sector to the GDP, he said the Ministry was launching the satellite accounting system to assess the actual contribution of the sector to the country's economy.
Addressing the industry's concerns, he said the Ministry was well aware of the unfavourable fiscal environment affecting the viability of civil aviation and it would take up the issue of recent hike in service tax with the Finance Ministry.
He said the Ministry of Civil Aviation was taking up the issue of high taxes on aviation turbine fuel (ATF) and was in favour of including ATF under the Goods and Service Tax (GST).
15/03/11 The Hindu
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