1 Updates
India invites American investment in aviation
Photo Credit: , Getty Images

India invites American investment in aviation

Oct 30 2013, 11:18pm CDT | by IANS

Washington, Oct 31 (IANS) With India's aviation sector poised "for breaking boundaries and scaling new heights", Indian Aviation Minister Ajit Singh invited American industries to invest in India taking advantage of "tremendous opportunities" offered by it.

Washington, Oct 31 — With India's aviation sector poised "for breaking boundaries and scaling new heights", Indian Aviation Minister Ajit Singh invited American industries to invest in India taking...

Filed under: news

Full Story below YouTube Videos

 
 

 

24 weeks ago

India invites American investment in aviation

Oct 30 2013, 11:18pm CDT | by IANS

Washington, Oct 31 (IANS) With India's aviation sector poised "for breaking boundaries and scaling new heights", Indian Aviation Minister Ajit Singh invited American industries to invest in India taking advantage of "tremendous opportunities" offered by it.

Washington, Oct 31 — With India's aviation sector poised "for breaking boundaries and scaling new heights", Indian Aviation Minister Ajit Singh invited American industries to invest in India taking advantage of "tremendous opportunities" offered by it.

"With ever increasing scope for participation by private sector, we expect significant development in the years ahead," he said at the inaugural session of the three-day US-India Aviation Summit here Wednesday.

"Friends, India is a land of emerging opportunities," Singh said. "Let's build partnerships to draw on these opportunities and drive the engine of India's growth."

"Considering the growth prospects of air traffic, potential for large scale acquisition of aircrafts by the airlines and substantial investment projections, Indian civil aviation market offers tremendous opportunities for US industries to invest in India," he said.

Rapidly expanding air transport network and opening up of the airport infrastructure to private sector participation have fuelled the growth of the air traffic in India, Ajit Singh said.

India is currently the 9th largest aviation market handling 121 million domestic and 41 million international passengers with more than 85 international airlines operating to India and 5 Indian carriers connecting over 40 countries, he pointed out.

Asserting that "over the past decade, civil aviation in India has been scripting a major success story" the minister noted that Indian government has brought in positive initiatives to attract foreign direct investment.

One of the most important initiatives in this direction is to allow 49 percent Foreign Direct Investment by foreign airlines in Indian carriers, he said.

Indian ambassador to the US, Nirupama Rao hoped the summit will "discuss threadbare the opportunities for making the US India relationship in the civil aviation sector more robust and sustainable" keeping in mind the "win-win potential" of India-US "relationship while remaining adequately sensitive to each other's interests."

The summit is intended to encourage a high-level dialogue on major issues relating to air traffic management and control in India, and to promote US technical solutions to support India's growing aviation market.

The Summit will build on the results of previous summits held every two years in the US and India, with the goal of assisting India in identifying advanced US technology that will support development of India's aviation infrastructure.

The central purpose of the summit is identifying specific commercial opportunities for US businesses, expanding US trade opportunities, and introducing US technologies and procedures to accomplish Indian aviation goals.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Korea Ship Tragedy: Parents Go From Anger To Acceptance While Nation Wallows In Shame
On the crowded floor of the gymnasium in the incredibly pleasant town of Jindo, on the southwestern Korean coast, hundreds of people are going through all the stages of grief. There has been anger, denial, bargaining...
 
 
How To Choose The Right Medium For Your Message
From music streaming services to magazine mobile apps, the last few years have brought us an array of options when it comes to choosing a message’s medium. New platforms, like Vine, have even reinvented publishing...
 
 
New Medicare Data Reveal Startling $496 Million Wasted On Chiropractors
Ten days ago, the federal government released a huge data set detailing how it spent $77 billion in Medicare funds in 2012 to over 880,000 health care providers. The release of this data is part of a new transparency...
 
 
Vault-Like Services Could Be Next Fantasy Sports Success Stories
Billions of dollars are being exchanged among fantasy sports participants, which has led to the rise of subsectors within the fantasy gaming industry.  The most well-known subsector is the rapidly rising daily fantasy...
 
 
 

Latest from the Network

How To Choose The Right Medium For Your Message
From music streaming services to magazine mobile apps, the last few years have brought us an array of options when it comes to choosing a message’s medium. New platforms, like Vine, have even reinvented publishing...
Read more on Business Balla
 
New Medicare Data Reveal Startling $496 Million Wasted On Chiropractors
Ten days ago, the federal government released a huge data set detailing how it spent $77 billion in Medicare funds in 2012 to over 880,000 health care providers. The release of this data is part of a new transparency...
Read more on Business Balla
 
Vault-Like Services Could Be Next Fantasy Sports Success Stories
Billions of dollars are being exchanged among fantasy sports participants, which has led to the rise of subsectors within the fantasy gaming industry.  The most well-known subsector is the rapidly rising daily fantasy...
Read more on Business Balla
 
The Pain & Pleasure Of Branded Social Media
During a recent Bulldog webinar on the subject of media relations 2.0, a senior communications professional from the Public Broadcasting System (PBS) noted that when the organization wanted to announce news, it simply...
Read more on Business Balla
 
Counting Jack Ma's $5 Billion Shopping Spree In 2014
So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a...
Read more on Business Balla
 
The Weekly Oil & Gas Follies
The Weekly Oil and Gas Follies – Volume 42, April 21, 2014 In which we drill down into the @GDBlackmon Twitter feed to briefly chronicle the week’s silliness, shenanigans, fake news and real news related to the oil and...
Read more on Business Balla
 
The Challenges Of Remote Management: One Manager's Perspective
Sometimes it seems you can learn more about management from sitting at a bar than from reading a textbook. I was recently sitting at a bar at a resort with my wife, and began to chat with the man sitting next to me. ...
Read more on Business Balla
 
Weekend Box Office: Johnny Depp's 'Transcendence' Flops, 'Heaven Is For Real' Soars
Heaven Is For Real is to The Grudge as God’s Not Dead is to The Ring. As the first major Christian-centric film to drop after the surprisingly successful God’s Not Dead, Heaven Is For Real got to capitalize on being the...
Read more on Business Balla
 
How Michael Jordan Outsmarted Robert Johnson And Herb Kohl
The agreed to sale of the Milwaukee Bucks last week by Herb Kohl to Marc Lasry and Wesley Edens for $550 million shows how Michael Jordan outsmarted a billionaire and a U.S. senator. In June 2003, Jordan was considering...
Read more on Business Balla
 
Whatever Happened To Volvo: New York Auto Show Has Answers
NEW YORK — Volvo Cars of North America is on the rebound, neatly symbolized by the new 2015 Volvo V60 station wagon, on display at the New York International Auto Show. “We brought back the wagon – but not the old kind...
Read more on Auto Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla