Spicejet CMD calls for cut in taxes on jet fuel to boost growth
The aviation sector will witness a great growth if the government reduces taxes on the jet fuel, Spicejet Chairman and Managing Director Ajay Singh said Friday. Speaking at the Global Mobility Summit ‘MOVE’, Singh pointed out that India was the fastest growing aviation market in the world.
“The government is trying to increase capacity in existing airports … But if the government reduces taxes on aviation turbine fuel (ATF), then the aviation sector will witness a great growth,” he said.
ATF constitutes approximately 35-40 per cent of operational cost of an airline in India. Participating in the thematic session on Comprehensive Electrification & Alternative Fuels, Renault India Private Limited CEO Sumit Sawhney said that the urban mobilisation in India will grow at 9 per cent.
Also participating in the debate, Niti Aayog member V K Saraswat said, “We have to be careful when we adopt lithium-ion battery technology in electric vehicles in Indian condition as temperature in some parts of India rises to 42°C plus.”
Niti Aayog vice chairman Rajiv Kumar asked the panel whether electric vehicles technology and biofuels can be pursued simultaneously. Toyota Motors Corporation general manager Yoshihiro Onumura said India will have to come up with a long term reliable solution for promoting electric vehicles and reduce pollution.
You might also like
New destinations find their way to Indian itineraries
Hotel Price Index report from Hotels.com identifies top destinations travellers paid for their accommodation in 2017. After three years of flat prices, travellers paid for overnight accommodation rose 2% globally
Padels up for a game of Padel Tennis at Hideaway Beach Resort & Spa
The Maldives is the perfect tropical escape, surrounded by white sandy beaches and embellished with lush natural island beauty. It is also ideal for active travellers looking for a retreat
Flights to Qatar will operate, but may get longer, costlier
Qatar may be cut off from rest of the Gulf countries+ but flights between India and Doha will operate as usual for now. The travel time, however, will most likely
