Pitching for open sky policy and 100% Foreign Direct Investment (FDI) in airlines sector, an industry study has urged the government to put in place the proposed civil aviation policy at the earliest and resolve the vexed issue of international flying norms for local carriers.
The joint Ficci-KPMG report on India Aviation 2016 sought finalisation of the long-awaited National Civil Aviation Policy in the letter and spirit and also suggested going for open skies along with 100% FDI in airlines and a final decision on the contentious 5/20 rule.
"It may cause some pain initially, but will make Indian carriers more efficient, quality conscious, passenger-centric and a global player," the report said.
At present, government allows up to 49% investment by a foreign airline in an Indian carrier. However, it has proposed to hike it to over 50% in the draft policy, unveiled in October last year.
The draft National Civil Aviation Policy (NCAP), has presented many interesting proposals to promote growth in the aviation sector and its vision is to enable 300 million domestic ticketing by 2022, although ambitious, highlights the hidden potential of the Indian aviation sector, the report said.
"(The Government should) finalise the long-awaited Draft National Civil Aviation Policy in letter and spirit," it said.
Observing that for super-charging growth in the aviation sector, urgent remedial measures are required, the report said India needs to be promoted as a trade and tourism hub in order to derive synergistic benefits for the aviation industry.
17/03/16 PTI/dna
To Read the News in full at Source, Click the Headline
The joint Ficci-KPMG report on India Aviation 2016 sought finalisation of the long-awaited National Civil Aviation Policy in the letter and spirit and also suggested going for open skies along with 100% FDI in airlines and a final decision on the contentious 5/20 rule.
"It may cause some pain initially, but will make Indian carriers more efficient, quality conscious, passenger-centric and a global player," the report said.
At present, government allows up to 49% investment by a foreign airline in an Indian carrier. However, it has proposed to hike it to over 50% in the draft policy, unveiled in October last year.
The draft National Civil Aviation Policy (NCAP), has presented many interesting proposals to promote growth in the aviation sector and its vision is to enable 300 million domestic ticketing by 2022, although ambitious, highlights the hidden potential of the Indian aviation sector, the report said.
"(The Government should) finalise the long-awaited Draft National Civil Aviation Policy in letter and spirit," it said.
Observing that for super-charging growth in the aviation sector, urgent remedial measures are required, the report said India needs to be promoted as a trade and tourism hub in order to derive synergistic benefits for the aviation industry.
17/03/16 PTI/dna
