Air India disinvestment panel to meet soon

Air India disinvestment panel to meet soon

Agency News

New Delhi, Jul 20 : Civil Aviation ministry has formed an alternate mechanism for disinvestment of Air India to give timeline for disinvestment and first meeting will take place soon, Hardeep Singh Puri, Minister of State for Civil Aviation, said at the sidelines of an ASSOCHAM event here on Saturday.

“We are currently working on a 100-day programme, and a five-year vision of document of both Housing and Urban Affairs and Civil Aviation Ministry,” said MPuri at 12th International Conference-cum-Awards on Civil Aviation and Cargo.

Puri said there was already 100 per cent FDI in several parts of the civil aviation sector, and the budget pointed out two specific sectors for FDI, maintenance and repair and other leasing.

The growth of air cargo was critical for industries such as e-commerce, pharmaceuticals, electronics, agriculture, horticulture, floriculture, animal husbandry and marine exports, and high-value goods, including gems and jewellery and fashion garments, where shipments are highly time-sensitive, stated Puri.

The first National Air Cargo Policy’s (NACP) outline was released at the Global Aviation Summit in January 2019. It aims to achieve fundamental re-engineering of the whole-of-the-value-chains for domestic and export-import air freight for reaching the target of handling 10 million tonnes by 2026-27, an ASSOCHAM statement said.

SpiceJet chairman and managing director Ajay Singh said there had been enough of talks about various problems being faced by the civil aviation sector and its time finally something was done about it.

“The inclusion of aviation turbine fuel in GST is a long standing demand. Every year we spend countless hours with various ministries talking about this. If the ambition indeed is to be globally competitive, to create international hubs and carriers that are competitive, we need to resolve this problem quickly, there has been enough talks on this issue,” he said.(UNI)