New Delhi: Low cost airline SpiceJet co-founder Ajay Singh said Indian companies had the capability to beat international brands like Dubai-based Emirates and Etihad Airways.
Speaking at the News18 Network's Rising India Summit 2019, Singh said a new robust restructuring tax framework and political will induced by the government was needed to make this possible.
"There is a mindset problem in India. Most people think flying is for the rich and hence, taxes on aviation are crazy. India has the highest number of taxes. This has to change,” he said.
According to Singh, aviation is an exciting sector in India with a 20 per cent growth rate — the fastest in the world. These figures are only increasing with the opening of 50 more airports in the next two years, adding to the tally of the 75 existing ones.
Seeking a level-playing field to compete with international air travel companies, Singh said taxes in the aviation sector needed to come down.
25/02/19 News18.com
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Speaking at the News18 Network's Rising India Summit 2019, Singh said a new robust restructuring tax framework and political will induced by the government was needed to make this possible.
"There is a mindset problem in India. Most people think flying is for the rich and hence, taxes on aviation are crazy. India has the highest number of taxes. This has to change,” he said.
According to Singh, aviation is an exciting sector in India with a 20 per cent growth rate — the fastest in the world. These figures are only increasing with the opening of 50 more airports in the next two years, adding to the tally of the 75 existing ones.
Seeking a level-playing field to compete with international air travel companies, Singh said taxes in the aviation sector needed to come down.
25/02/19 News18.com
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