The Hindu : Aviation set for the real take-off: CII

Online edition of India's National Newspaper
Wednesday, Dec 10, 2003

Business

Business

Aviation set for the real take-off: CII

By Our Special Correspondent

NEW DELHI DEC. 9. The major chambers of commerce and industry have generally welcomed the recommendations made by the Naresh Chandra Committee saying that they would transform the aviation sector into an engine of growth.

The Federation of Indian Chambers of Commerce and Industry, the Association Chambers of Commerce and Industry and the Pubjab Haryana and Delhi Chamber of Commerce and Industry reacted by saying that implementation of recommendations of the Naresh Chandra Committee would lead to competition in the Indian aviation sector. The recommendations aim at encouraging private participation and competition in air transport services with a view to enhancing affordability by lowering of entry barriers, liberalisation of investment norms for foreign equity and foreign airlines. It lauded the recommendations presented to the Union Government yesterday and stated that the recommendations, if implemented, would give a level-playing field to the domestic aviation industry. In order to lower airfares and to make the air travel cheaper within the country, the Union Government should accept the recommendations of the Naresh Chandra Committee, which include abolition of Inland Air Travel Tax (IATT), PHDCCI says.

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