New Delhi: Emphasising the ability to raise funds, Federation of Indian Chambers of Commerce and Industry (FICCI) in its pre-budget 2013 memorandum has asked the government to allow airport operators to issue long term non-taxable infrastructure bonds.
This FICCI said will allow them to raise the required funding from the market. Further FICCI said that to facilitate the private airport operators to raise funds, they should also be allowed to issue tax free infrastructure bonds from the public.
FICCI has also recommended that the government should liberalise sectoral funding limits. "Ease RBI limits on sectoral funding thereby removing the current compulsion for airport developers to raise required funds / debt from multiple banks making process time consuming and cumbersome," said FICCI.
13/02/13 Economic Times
