Kingfisher
Airlines chairman Vijay Mallya has stressed the need for a clear aviation
policy that will help promote healthy investment which has been the “long-felt
need” of the industry.
He
was presiding over the 63rd annual general body meeting as well as the national
conference on advances in thermophysics and heat transfer, organised by the
Aeronautical Society of India here. It was Mallya’s last programme as president
of AeSI before handing over the post to G.R. Rao.
Mallya
emphasized the importance of air transport as one of the major drivers of
economic growth and underlined the link between civil aviation and economic
activity. Since the last decade, civil aviation had been making rapid strides,
he said.
The
International Civil Aviation Organisation estimates that every $100 spent on
aircraft produced benefits worth $325 for the economy and every 100 additional
jobs in air transport produced 610 new jobs.
However,
the number of trips per capita in India remained low, at 0.04 compared to 0.25
in Brazil, 0.54 in Malaysia and 0.15 in China.
“Even
though the potential is immense, India is facing adverse opposition in
financial and operative environments.
In
order to realise its true potential, the issues of taxation, user development
fee and other inputs need to be addressed,” he said.
The
seminar was inaugurated by P.S. Veeraraghavan, director of VSSC.
http://www.deccanchronicle.com/channels/business/news/vijay-mallya-seeks-clarity-aviation-policy-680
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