Mr. Jayant Sinha Ministry of Civil Aviation, the PPP Experts Inagurated IMC’s Airports Investments Summit

by Shrutee K/DNS

Mumbai : IMC Chamber of Commerce & Industry is organizing its Airport Investments Summit – Enhancing Public Private Partnership”.Speaking at the inaugural session of the IMC organized two days international meet on Airport Investments Summit, Mr. Jayant Sinha said the current decade will drive India’s growth through Aviation. He said India is at a take off stage wherein the entire eco system of the aviation sector is likely to see unprecedented growth. He said the sector is growing at 20% since past three years, with 170mn passengers flying.

He said the present government has taken four major initiatives in terms of stabilising policy decisions through a national civil aviation policy, which apart from other impacts has enlarged the scope of FDI in direct and ancillary segments. He said other initiatives are related to increasing customer delight thru customer centric approach for which they have launched a novel digital based Digi Yatra, safety initiatives to encompass entire gamut of safety and security arenas and the most innovative programme to make flying affordable through UDAN and connecting tier 3 and tier 4 cities through low cost aviation.

He said the government is keen to encourage further investments through FDI and is working on a favorable revenue model to suit both the investors for their returns and also for bringing new clients into the flying fold. He said the government is planning to expand the reach of UDAN through building 50 new airports to take the current number of 106 to about 175-200 airports. He exuded confidence that the new disposition will also create additional jobs much beyond the current level of 2 lacs. He said over all the target of the Ministry is to triple the activities.  Earlier, welcoming the Minister Mr. Deepak Premnarayen, President, IMC complimented the various progressive steps taken by the government over the past three years. These helped in confidence building which made investments attractive for the foreign investors.

About IMC : Set up in 1907, IMC is an apex Chamber of trade & commerce with headquarter in Mumbai. It has about 2700 direct members, comprising a cross section of the business community, including public and private limited companies and over 215 trade and industry associations through which the Chamber reaches out to over 2,50,000 business establishments in the country. IMC is the first Chamber in India to get ISO 9002-2000 certification which has since been upgraded to ISO 9001: 2008. IMC is the only business Chamber in India where, the Father of the Nation, Mahatma Gandhi, was associated as an honorary member.