Mumbai: Mere policy initiatives such as foreign direct investment in airlines and privatising airports will not help the aviation sector come out of the airpocket, according to a survey.
The aviation sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure, says a survey by global consultancy EY and industry lobby Ficci.
"While the government has been broadly successful towards making the aviation climate positive and favourable through a series of policy initiatives, seamless implementation of the policies is what will really matter in the medium-to-long run," it says.
"Taxations issues constitute the largest impediment to growth of the aviation industry. Coupled with this is the poor infrastructure which is responsible for congestion at airports, leading to increase in airline operating cost. The proposed Civil Aviation Authority is a crucial step for developing the aviation sector," says the survey.
09/09/13 PTI/ZeeNews
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The aviation sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure, says a survey by global consultancy EY and industry lobby Ficci.
"While the government has been broadly successful towards making the aviation climate positive and favourable through a series of policy initiatives, seamless implementation of the policies is what will really matter in the medium-to-long run," it says.
"Taxations issues constitute the largest impediment to growth of the aviation industry. Coupled with this is the poor infrastructure which is responsible for congestion at airports, leading to increase in airline operating cost. The proposed Civil Aviation Authority is a crucial step for developing the aviation sector," says the survey.
09/09/13 PTI/ZeeNews
