India needs more airlines

Singapore’s prime minister on Wednesday urged India to press ahead with economic reforms and added that foreign investors need a “predictable” environment in which to invest their money.
Visiting Prime Minister Lee Hsien Loong’s comments in New Delhi come as foreign investors have expressed growing concern about India’s paralysed reform process, policy flip-flops and erratic taxation moves.
Lee also pressed for a swift conclusion of talks to update a free trade agreement with India, signed in 2005, as well as to allow more airline flights between the two countries.
“One quick win is to improve air connectivity,” Lee said.
He noted Singapore and China already enjoy an “open skies” arrangement, allowing unlimited flights, and said liberalisation of aviation between India and Singapore “will promote the exchange of business, ideas, art and culture.”
12/07/12 AFP/TRweekly

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Categories: Foreign Jul 2012, Indian Aviation- In General Jul 2012