Plane woes go beyond FDI

Mumbai: The government’s move to allow foreign carriers to invest in cash-strapped domestic airlines is unlikely to usher in benefits unless issues of high-taxes and infrastructure cost are addressed, says global airlines body IATA.
The decision, however, is positive and opens up wider opportunities for overseas players.
“Allowing foreign direct investment by global airlines by itself is not a panacea. The critical problems of a high cost environment, insufficient infrastructure and crippling taxes must also be addressed within a co-ordinated government-wide policy framework,” International Air Transport Association (IATA) India director Amitabh Khosla said.
17/09/12 Telegraph

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Categories: Foreign Sep 2011, New Sep 2012