Streamline tax structure for aviation MRO units: ASSOCHAM

Bangalore: Industry body ASSOCHAM on Monday called for streamlining various taxes to encourage aviation Maintenance, Repair and Overhaul (MRO) facilities in the country to make it a global hub.
The trade body said India has huge potential to become a major hub due to low cost benefits, favourable geographical location and sharp upswing in air passenger traffic.

The Indian civil aviation sector is currently celebrating 100 years of existence but its share is just one per cent in the 50 billion dollar global MRO market,according to ASSOCHAM.
Passenger traffic of scheduled airlines jumped from 73 million in 2005-06 to 142 million in 2010-11, the Associated Chambers of Commerce and Industry of India said.
25/07/11 Economic Times

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Categories: Indian Aviation- In General Jul 2011