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
TBO Group witnesses 2300+ attendees from across the travel ecosystem at their awards
TBO group organized its awards and networking function on the 1st of February. Travel partners from across India and around the Globe were seen in huge numbers at this gathering. Attended
Virgin Atlantic becomes first airline to offer accessible entertainment for customers with sight loss
All flights will now offer dedicated inflight entertainment for visually impaired customers Innovative technology designed by Bluebox and tested by Guide Dogs for the Blind will audio describe the entertainment
‘Restaurant India Awards’ confer Momo Café at Courtyard by Marriott Bengaluru
Momo Café at Courtyard by Marriott emerged as the winner ofthe ‘Best 24 Hours Dining Restaurant in South India’ at the recently concluded, Restaurant India Awards 2016, organized by Franchise
