Task Force Formed On Aviation

by Vinaya HS on August 2, 2017

in Finance

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There is a lot to cheer for the civil aviation industry. The U.S.-India Business Council (USIBC) has recently formed a task force. This task force is set up with an intention of finding out new and lucrative opportunities in the sector of civil aviation in India.

The panel has been constituted which will be headed by the engine maker Pratt and Whitney’s Managing Director of India, Palash Roy Chowdhury who will be the Chairman of the panel. The panel of the task force will also be co-chaired by Amber Dubey, who is global consultancy KPMG’s partner and India head of aerospace and defense.

The business news confirms that the USIBC or the U.S India Business Council has launched its India-Task Force on Civil Aviation which will be responsible for recognizing the opportunities for the implementation based on the NCAP or National Civil Aviation Policy.

USIBC said in a statement that the task force has been set up to have themselves involved with different stakeholders to encourage global best practices and resolve the several potential glitches that may come up as a result of the United States and Indian company’s deep involvement to strengthen the India’s mushrooming civil aviation market. One of the panel’s KRA will be to work towards providing an encouragement to the scheme UDAN, which is a Centre’s regional connectivity scheme. They are also expected to concentrate equally on the airport maintenance and boosting its infrastructure, enhancing and monitoring airport security, maintenance repair and overhaul or MRO, and skill development.

Since last two years, India’s domestic civil aviation industry has recorded a growth of a double-digit which makes the country’s domestic aviation sector as one of the fastest growing in the world. USIBC believes that their member companies are devoted to the make the various schemes and government’s flagship programs such as the “Regional Connectivity Scheme” and “Make in India” highly successful by bringing the best in technology in place and concentrating on equally important matters of airport infrastructure and security.

We all are aware of the increase in the flight traffic in India. The reasons have been the affordable air tickets, various discounts, deals, and offers offered by various airlines, etc. making the country witness an annual growth of more than 20% in the domestic air passenger traffic. Also, there is an increase in the total passenger throughput which is soon going to touch as much as 270 million passengers by the end of this year.

The market news also points out that this task force is also aimed at promoting bilateral dialogue between civil aviation industry of India and the government and partnering with governments. As the chairman of the panel shares, that with this newly constituted task force, the panel wishes to support the growth of U.S. corporations in India. They intend to do this by aligning with the priority areas of the Indian government and also cultivate the spirit of entrepreneurship and creation of job opportunities. The panel believes that this will surely contribute to the global economy in the coming times.

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