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India: New civil aviation policy in place

By  |  June 19, 2016

The Union cabinet spelt out plans for a complete overhaul of the aviation sector with an eye on the future.

The cornerstones of the new civil aviation policy are competition, consumers, connectivity (within India and with the rest of the world) and investment—both from domestic and foreign investors. The government is convinced that this will be the key to realizing its target of growing domestic passenger traffic nearly four-fold to 300 million by 2022.

“We need more airlines, more aircraft serving our skies, so if more airlines want to come to India they are welcome,” aviation minister Ashok Gajapathi Raju told reporters.

It is a journey similar to the one pursued previously in telecom in which distinctions between technology platforms and licence types were progressively removed and investment rules liberalized.

Full Content: Live Mint

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