In view of the vast untapped potential, the next generation of aviation growth in India will be triggered by regional airports, offering significant long-term opportunities for global aviation players.
According to the “Indian Aviation 2014” report, launched at the ongoing India Aviation exposition here, there is a large untapped potential for growth in the country as access to aviation is still a dream for nearly 99.5 per cent of the population.
“At present, there are around 450 used, unused or abandoned airports and airstrips spread all over the country,” the report, compiled by consultancy firm KPMG Advisory Services, in association with the Federation of Indian Chambers of Commerce and Industry, or FICCI, said.
Many Indian states, especially in Eastern India, have started taking proactive measures to promote air connectivity. These initiatives include reduction in sales tax on aviation turbine fuel, or ATF, development of no-frills airports, promotion of aviation academies and supportive policies for airlines and tourism, the report said.
“West Bengal deserves special mention as it is the first large state in the country to declare zero per cent sales tax on ATF at its regional airports and 15 per cent sales tax on ATF used by additional flights started at its metro airport in Kolkata,” the report said.
Read news in full 16/03/14 PS Jayaram/Khaleej Times
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