Under the visionary leadership of Prime Minister Narendra Modi, the Government has taken several steps to promote aircraft manufacturing in the country.
We have reformed the regulatory environment to make it as conducive as possible for MROs – reduced GST rates on MRO services from 18% to 5% and allowed 100% Foreign Direct Investment into the sector.
New MRO guidelines have also been rolled out for rationalization of the charges leviable on MRO Service Providers for ease of doing business. I would urge industry players from EU to tap these opportunities, and become a part of the fastest-growing aviation market in the world.”
The minister invited EU players to partner India in developing adaptive technologies, and support the objective of tackling emissions from the aviation Industry. “We are encouraging airports to use 100% green energy by 2024, and achieve net zero by 2030.
25 AAI airports are already using 100% green energy. Our target is to make another 121 Airports carbon neutral by 2025.
We have also mandated the use of renewable energy as part of the bid documents for upcoming airports; we are also working towards encouraging the use of Sustainable Aviation Fuel. Indian Airline operators have already conducted demonstration flights using bio-fuel blended with ATF”, he concluded.
Ms Adina Vălean, European Union Commissioner for transport, also addressed the summit through virtual mode. She said, “From commercial opportunities, to aviation safety and security, sustainability, air traffic management, or consumer protection, our shared experiences, as well as our shared objectives, make us natural partners.”
She further said, “We already have a successful history of partnership and cooperation in many areas. I truly hope aviation will become one of our most successful partnerships.”
