New Delhi: In keeping with the current government’s apparently pro-investment, pro-business leanings, there is a lot of expectation from the forthcoming Budget, says Phee Teik Yeoh, CEO of Vistara, the newly launched Tata Sons-Singapore Airlines joint venture. This more or less sums up what the domestic aviation industry expects of Budget 2015.
Aviation firms are specifically looking for definitive steps to further incentivise the sector and enhance its global competitiveness, says Phee Teik. “A viable tax structure for airport infrastructure and Maintenance Repair and Overhaul (MRO), along with reduced state taxes, will boost the Modi government’s Make in India initiative,” he says.
Amber Dubey, Partner and Head - Aerospace and Defence, KPMG, suggests establishing an independent Aeronautics Commission with a budget of ?500 crore. “This Commission should be headed by a professional and report directly to the Prime Minister. Its mandate should be to facilitate cutting-edge research and aeronautical manufacturing in the country,” he argues.
15/02/15 Business Line
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Aviation firms are specifically looking for definitive steps to further incentivise the sector and enhance its global competitiveness, says Phee Teik. “A viable tax structure for airport infrastructure and Maintenance Repair and Overhaul (MRO), along with reduced state taxes, will boost the Modi government’s Make in India initiative,” he says.
Amber Dubey, Partner and Head - Aerospace and Defence, KPMG, suggests establishing an independent Aeronautics Commission with a budget of ?500 crore. “This Commission should be headed by a professional and report directly to the Prime Minister. Its mandate should be to facilitate cutting-edge research and aeronautical manufacturing in the country,” he argues.
15/02/15 Business Line
