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
TIRUN announces exclusive Indian cruises in December aboard Celebrity Constellation
End the year on a high note as TIRUN announces exclusive Indian cruises in December aboard the award-winning Celebrity Constellation. TIRUN Travel Marketing, the exclusive India representative of the award-winning cruise
It’s raining savings at Imagica all of Monsoon
It’s that time of the year when you can finally get a break from the sweltering heat. The rains are right around the corner and you can’t wait for the
Smart boarding cards soon
The Government is planning to come up a smart boarding pass for fliers that will tell if they have cleared security checks before getting on an aircraft without a stamp
