Air India is being exempted from the new Foreign Direct Investment (FDI) provision as the government has already given Rs. 300 billion to Air India, Aviation Minister Ajit Singh said while inaugurating the ASSOCHAM 5th international conference of Indian Civil Aviation here in New Delhi today.
``Aviation Turbine Fuel (ATF) to be got declared as notified product to bring transparency in its pricing and reduction of VAT on ATF by the states,`` according to Minister of Civil Aviation.
He further said ministry plans to establish a separate Aviation Security Force (ASF) to further strengthen security in all the 59 airports in the country. This force will replace the Central Industrial Security Force (CISF) to safeguard the airports.
He outlined that India needs lot of efforts and significant investment in the field of development of airport, improvement in connecting infrastructure and better air space management.
``Creation of Civil Aviation Authority to manage the phenomenal growth of air traffic with safety an effective, autonomous and professional regulatory body is required``. He also added that development of world class ANS infrastructure to manage the coming growth phased safely and efficiently, added Singh.
21/09/12 Myiris.com
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``Aviation Turbine Fuel (ATF) to be got declared as notified product to bring transparency in its pricing and reduction of VAT on ATF by the states,`` according to Minister of Civil Aviation.
He further said ministry plans to establish a separate Aviation Security Force (ASF) to further strengthen security in all the 59 airports in the country. This force will replace the Central Industrial Security Force (CISF) to safeguard the airports.
He outlined that India needs lot of efforts and significant investment in the field of development of airport, improvement in connecting infrastructure and better air space management.
``Creation of Civil Aviation Authority to manage the phenomenal growth of air traffic with safety an effective, autonomous and professional regulatory body is required``. He also added that development of world class ANS infrastructure to manage the coming growth phased safely and efficiently, added Singh.
21/09/12 Myiris.com
