Business Daily from THE HINDU group of publications Saturday, Mar 01, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Logistics
-
Budget Copter pilot training to cost less Our Bureau New Delhi, Feb. 29 The decision of the Finance Minister, Mr P. Chidambaram, to do away with customs duty of 10 per cent on helicopter simulators will see a reduction in the training and retraining costs of helicopter pilots. The Chairman and Managing Director, Pawan Hans Helicopter Ltd, Mr R.K. Tyagi, told Business Line that the budget proposal is likely to see the cost of training and retraining pilots decline by about 10 per cent. “At the moment it costs about Rs 18 lakh to train a helicopter pilot, which should now come down,” Mr Tyagi said. Welcoming the decision, the Managing Director, Bell Helicopters, Mr B.S. Singh Deo, felt that there would be a marginal drop in training cost of pilots. “Pilot training is the top priority for the industry. The decision will give a fillip to this process,” Mr Singh Deo added. On the reduction in pilot training costs, Mr Deo said that since all the training for helicopter pilots is not done in a simulator, there will only be a slight reduction in costs. The decision to do away with customs duty comes at a time when the Government has declared 2008 as the Year of the Helicopter. Earlier this year, the Government also relaxed foreign direct investment rules for the helicopter sector and now allows 100 per cent FDI into the sector. More Stories on : Budget | Human Resources | Airlines
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
![]() |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|