New Delhi: The civil aviation industry is keenly waiting for Finance Minister Arun Jaitley’s Budget speech on Saturday with hopes that he would come up with bold measures, including a viable tax structure on airport infrastructure and reduction of taxes on jet fuel.
The industry expects that the pro-aviation sector measures would also have a spiral effect in the hotel and travel industry.
Phee Teik Yeoh, the CEO of Vistara, said a viable tax structure on airport infrastructure and maintenance and repair and operations sector of aviation along with reduced state taxes on jet fuel would boost the government’s ‘Make in India’ initiative.
“There is a hope that the Budget will be an extension of Modi’s vision of enabling the people and making India a global tourism and investment destination. As for the aviation sector, the recent slashing of ATF prices has been quite a relief for the industry and we are now looking for definitive steps being taken to further incentivise the sector and enhance its global competitiveness,” he said.
24/02/15 PTI/Deccan Herald
The industry expects that the pro-aviation sector measures would also have a spiral effect in the hotel and travel industry.
Phee Teik Yeoh, the CEO of Vistara, said a viable tax structure on airport infrastructure and maintenance and repair and operations sector of aviation along with reduced state taxes on jet fuel would boost the government’s ‘Make in India’ initiative.
“There is a hope that the Budget will be an extension of Modi’s vision of enabling the people and making India a global tourism and investment destination. As for the aviation sector, the recent slashing of ATF prices has been quite a relief for the industry and we are now looking for definitive steps being taken to further incentivise the sector and enhance its global competitiveness,” he said.
24/02/15 PTI/Deccan Herald
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