360° Coverage : India invites American investment in aviation

11 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

YouTube Videos

 
 
 

51 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

 
Update
11

7 hours ago

Situation improves in violence-hit Trilokpuri

Oct 29 2014 1:55pm CDT | Source: Business Standard

In a confidence-building measure by the police, prohibitory orders were relaxed for the entire day, for Chhath ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

8 hours ago

A Clue To Softbank's 2 Mega Deals In India Can Be Traced To Its Alibaba Hit

Oct 29 2014 12:52pm CDT | Source: Forbes Real Time

For a clue of what Softbank is up to India with its mega deals for an eBay and Uber of India -- Snapdeal and Olacabs -- consider that the Japanese tech giant was a very early backer of Alibaba in C ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
9

9 hours ago

World's Worst Transport Systems for Women: Bogota and New Delhi among Most Dangerous Cities

Oct 29 2014 12:32pm CDT | Source: IBTimes UK

Survey reveals worst and best cities for women to use public trans ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
8

10 hours ago

Good governance key to 8-9% growth:FM

Oct 29 2014 11:01am CDT | Source: Business Today

Amid investments slowing down and allegation of corruption in allocation of natural resources, India's economic growth had slumped to below 5 per cen ...
Source: Business Today   Full article at: Business Today
 

 
Update
7

11 hours ago

Govt raises 2015 local wheat purchase price by 3.6 pct - statement

Oct 29 2014 10:00am CDT | Source: Reuters India

NEW DELHI (Reuters) - India has raised the price the government will pay to buy new-season wheat from local farmers to 1,450 rupees per 100 kg, up 3.57 percent, increasing the incentive to plant the crop even though supply has exceeded deman ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
5

11 hours ago

Nabard sanctions Rs 236 cr to Haryana

Oct 29 2014 9:58am CDT | Source: Business Standard

The fund is meant for irrigation works and increasing intensity of irrigation and recharge works in 13 districts of the ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
4

12 hours ago

Boost for smart cities as FDI rules in construction eased

Oct 29 2014 9:44am CDT | Source: Business Today

The move will facilitate overseas capital to invest in building homes, offices and shopping centres in Asia's third-largest economy, helping Prime Minister Narendra Modi deliver on his promise of ...
Source: Business Today   Full article at: Business Today
 

 
Update
3

12 hours ago

BJP prepared for all options in Delhi

Oct 29 2014 9:12am CDT | Source: Business Standard

The Bharatiya Janata Party (BJP) today reiterated that it was ready for assembly polls in Delhi, even as Congress and Aam Aadmi Party have continued to demand dissolution of the ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
2

12 hours ago

India leads global consumer confidence in Q3: Nielsen

Oct 29 2014 8:58am CDT | Source: Business Standard

Despite being two points down, India still led global consumer confidence in the September quarter, market research company Nielsen said when releasing its quarterly consumer confidence index today.India topped the list with a ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

13 hours ago

Nasscom to launch program to connect large IT firms with startups

Oct 29 2014 8:44am CDT | Source: Business Standard

With large information technology companies increasingly looking to partner with innovative software product startups in India, industry body Nasscom plans to launch an initiative called 'Nasscom Industry Partner Program' (NIPP) ...
Source: Business Standard   Full article at: Business Standard
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Ebola cases jumps to over 13,700: WHO
Geneva, Oct 30 (IANS/EFE) The World Health Organization (WHO) confirmed Wednesday that 13,703 people have been infected with the Ebola virus since the epidemic began in March.
 
 
Obama praises health workers fighting Ebola as 'heroes'
Washington, Oct 30 (IANS) US President Barack Obama Wednesday paid honour to healthcare workers who have treated Ebola patients in West Africa, calling them "heroes" deserving to be applauded rather than discouraged.
 
 
Cyprus, Greece, Egypt to forge tripartite cooperation
Nicosia, Oct 30 (IANS) Cyprus, Greece and Egypt Wednesday moved closer to forging a common strategy on energy, security and regional issues.
 
 
North Korea plans to quarantine foreigners entering country
Pyongyang, Oct 30 (IANS) North Korea has plannned to quarantine all foreigners that enter the country to prevent the spread of the deadly Ebola virus, the State Emergency Anti-epidemic Committee said Wednesday.
 
 
 

Latest from the Network

Storm forces evacuation of 1,000 people in Argentina
Buenos Aires, Oct 30 (IANS/EFE) The Argentine government Wednesday activated an emergency plan to help those affected by the powerful storm that struck 17 municipalities in Buenos Aires province over the past 24 hours...
Read more on Politics Balla
 
Melissa Rivers wants answers not money
Melissa Rivers wants answers about Joan Rivers' death. The TV producer, who is preparing to file a multi-million dollar wrongful death lawsuit against the Yorkville Endoscopy Clinic in New York City, where her mother...
Read more on Celebrity Balla
 
Robert Pattinson is moving back to London
Robert Pattinson is reportedly moving back to London to be with FKA twigs. The 'Rover' actor - who previously admitted he considers Los Angeles his home - is planning to relocate to his native England soon, as he is...
Read more on Celebrity Balla
 
Emma Watson was 'very nervous' before her feminism speech
Emma Watson was ''very nervous'' before speaking at the United Nations (UN) headquarters. The 24-year-old actress, who gave a speech about gender inequality as she launched the HeForShe campaign in her role as UN Women...
Read more on Celebrity Balla
 
Harry Styles is upset his vomit is being sold on ebay
Harry Styles thinks ''it's worrying'' his vomit is being sold on eBay. The 'Steal My Girl' hitmaker was surprised when fans erected a heartfelt shrine on the side of a busy Los Angeles freeway after he was recently...
Read more on Celebrity Balla
 
Ebola cases jumps to over 13,700: WHO
Geneva, Oct 30 (IANS/EFE) The World Health Organization (WHO) confirmed Wednesday that 13,703 people have been infected with the Ebola virus since the epidemic began in March. Of that number, 13,676 of the cases were...
Read more on Business Balla
 
Obama praises health workers fighting Ebola as 'heroes'
Washington, Oct 30 (IANS) US President Barack Obama Wednesday paid honour to healthcare workers who have treated Ebola patients in West Africa, calling them "heroes" deserving to be applauded rather than discouraged...
Read more on Politics Balla
 
Poland, Israel to step up efforts to further cooperation
Warsaw, Oct 30 (IANS) Polish Prime Minister Ewa Kopacz and visiting Israeli President Reuven Rivlin said Wednesday that their countries have agreed to step up efforts to further cooperation in various fields. The two...
Read more on Politics Balla
 
Cyprus, Greece, Egypt to forge tripartite cooperation
Nicosia, Oct 30 (IANS) Cyprus, Greece and Egypt Wednesday moved closer to forging a common strategy on energy, security and regional issues. Foreign ministers Ioannis Kasoulides from Cyprus, Evangelos Venizelos from...
Read more on Politics Balla
 
French soldier killed in clash in northern Mali
Paris, Oct 30 (IANS) A French soldier was killed Wednesday during a violent clash with a terrorist group in northern Mali, France's President's Office said. The sergeant in a commando parachutist unit was killed...
Read more on Politics Balla