Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
The Aviation Ministry will check the procedures of taking no-objection certificate, having two-third of India directors and others were followed, says Ajit Singh. - Business Line
AirAsia’s planned joint venture in India does not see any major hurdles except for few procedural problems, Civil Aviation Minister Ajit Singh said here today.
“I don’t see any big hurdles, whether they (AirAsia with Tata and Arun Bhatia) form joint venture before or after. The Aviation Ministry will check the procedures of taking no-objection certificate, having two-third of India directors and others were followed,” he said.
However, he said that AirAsia’s planned joint venture could face some procedural problems which have to be cleared by the Foreign Investment Promotion Board.
AirAsia, Tata Sons and Arun Bhatia of Telstra Trade Place Pvt Ltd have proposed to set up a low-cost carrier in India.
Speaking on the sidelines of a seminar on ‘General aviation: The next step’ organised by Indo American Chambers of Commerce, the Minister said the decision to allow foreign direct investment in Indian carriers “will be a game changer for the Indian civil aviation sector in the long-run’’.
Singh said cooperation between India and the US had significantly strengthened over the years and the open sky policy has made India a fastest growing aviation market in the world, leading to growth in passenger traffic.
“This massive growth in air traffic would require huge investment for construction of new airports, expansion and modernisation of existing airports, improvement in connecting infrastructures like road, metro and sea link and also better flight management,” he said.
The Government has approved 15 more airports under the Greenfield Airports policy with a majority of them being developed under the public private partnership mode.
“Current estimates indicate that Indian airports would require an investment of about Rs 67,000 crore during the next five years alone, of which 75 per cent is likely to be contributed by the private sector,” Singh said.
The Minister said that India has the potential to become a Maintenance, Repair and Overhaul (MRO) hub due to growing aircraft fleet, location advantage and availability of talent.
“To facilitate the growth of MRO business and to make it competitive, the Government has recently decided to give several concessions which include extension of time period allowed for utilisation of aircraft parts and others,” he said.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
Sensex and Nifty 50 saw selling interest on Friday and slumped; selling pressure could continue
Investors with a long-term horizon can consider this offer
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
With strokes of quirky humour, Partha Pratim Deb uses pulp, terracotta, glass and discarded cloth to create ...
Given the events in Washington DC on January 6, this week’s quiz is all about buildings that house or housed ...
While good writing wars against the cliché, television gives it a natural home
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor