With the last Union Budget providing nothing major for the domestic airline sector, there is a lot of hope this year though the expectations remain by and large the same. Ankur Bhatia, Executive Director, Bird Group, and Member, National Committee on Civil Aviation of the Confederation of Indian Industry, hopes the Budget will address the challenges the Indian aviation industry faces — mainly complex policies, aggressive price cuts, multi-tiered tax system and infrastructure.
Amber Dubey, Partner and Head, Aerospace and Defence, KPMG, is hoping the Budget will notify changes in the tax structure as per the draft National Civil Aviation Policy (NCAP 2016), which proposes zero-rating of the service tax on MRO.
With airports running out of capacity, the crucial infrastructure sector is also pinning its hope on steps to help its revival.
Even if all the current airports are built to their full design capacity and the Navi Mumbai one is opened, around 40 per cent of unconstrained demand in India will be choked off in the absence of any new airports being developed. The sector, therefore, has huge expectations from the Budget, to remain relevant.
18/02/16 Ashwini Phadnis/Varun Aggarwal/Business Line
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Amber Dubey, Partner and Head, Aerospace and Defence, KPMG, is hoping the Budget will notify changes in the tax structure as per the draft National Civil Aviation Policy (NCAP 2016), which proposes zero-rating of the service tax on MRO.
With airports running out of capacity, the crucial infrastructure sector is also pinning its hope on steps to help its revival.
Even if all the current airports are built to their full design capacity and the Navi Mumbai one is opened, around 40 per cent of unconstrained demand in India will be choked off in the absence of any new airports being developed. The sector, therefore, has huge expectations from the Budget, to remain relevant.
18/02/16 Ashwini Phadnis/Varun Aggarwal/Business Line
