Aviation Minister Jyotiraditya Scindia calls on states and UTs to reduce kerosene VAT
Union Minister of Civil Aviation Jyotiraditya Scindia spoke to civil aviation ministers of EU states and territories in support of a reduction in value added tax ( VAT) on jet fuel to help increase air traffic.
“With the current tax structure on ATF (Aviation Turbine Fuel) … you cannot have a robust civil aviation sector. I am very clear on this,” the Union Minister said at the time. of the inauguration of a curtain-raiser event on Wings India, 2022 which is Asia’s largest civil aviation event.
Earlier, Scindia said that seven states and union territories have reduced their VAT on ATF and he expected other states to follow suit.
Scindia also said that there is currently a need for 9,500 pilots and more than 40% of pilots go abroad for training. “There are foreign currency outflows. The cost of training a pilot is about ??1.5 to 2 crores. We have to move the flight / pilot training here, ”he said.
While the civil aviation industry has been significantly affected during the pandemic, Scindia said on this occasion that the Indian civil aviation industry has experienced robust growth over the years and is contributing significantly to the development. economy of the country. It brings people from all over the world to discover the enormous business and tourism opportunities in India.
The Indian aviation industry has overcome many challenges to become one of the most lucrative aviation markets in the world. “India now manages the third largest domestic traffic after the United States and China. We all know that in this densely globalized economy, air transport is a key part of the country’s transport infrastructure and plays an important role in the country’s economic growth, ”Scindia mentioned.
(With entries from ANI)
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