Civil Aviation Secretary Dr Nasim Zaidi today said the Ministry of Civil Aviation has received a request from Department of Industrial Policy and Promotion (DIPP) regarding allowing of foreign airlines' investment in India.
He said the proposal was under consideration and a decision on this would be taken soon.
Elaborating on the overall contribution of the civil aviation to the GDP, he said that the ministry is launching the satellite accounting system to assess the actual contribution of the sector to the country's economy.
Addressing industry's concerns, he said the ministry is well aware of the unfavourable fiscal environment affecting the viability of civil Aviation and the Ministry would take up the issue of recent hike in Service Tax with the Finance Ministry.
In the same vein, the Ministry of Civil Aviation is taking up the issue of high taxes on Aviation Turbine Fuel (ATF) and is in favour of including ATF under Goods and Service Tax (GST).
On the emission and environment related issues he said that there is a need to evolve a global approach under ICAO rather than following a regional approach which might hurt the aviation sector particularly in developing countries.
15/03/11 ANI/Sify
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