- Will help to save time and fuel for flights
- 800 to 2,300 crores will be saved annually
May 16, 2020, 09:32 PM IST
Mumbai. Finance Minister Nirmala Sitharaman announced three reforms for civil aviation in his fourth day press conference today. This would include developing airports on a PPP model, starting a second MRO in the country, and a third to open up more airspace. This will save time on flights. There will also be savings in fuel expenses.
What announced – plans to make India a hub for repairing aircraft
The Finance Minister said that plans are being made to make India a hub for aircraft repair through maintenance, repair and overhauling (MRO). If the maintenance of the aircraft is in India, then it will save Rs 800 to 2,300 crore annually. Until now, the repair of aircraft abroad cost that much annually. He said that civil aircraft and military aircraft will be repaired here starting from India. This will increase employment in India and repair of foreign aircraft will also take place in India. Airlines management will also cost less.
Who will get more – Investment of 13 thousand crores and private players will come
The Finance Minister said that in the coming time auction of 6 airports will be auctioned. The auction will be done by the Airport Authority of India (AAI). AAI can get a down payment of Rs 2,300 crore from this scheme. However, in addition to this, 6 more airports will be identified and developed under PPP model, which will facilitate people at the global level. There will be an investment of Rs 13,000 crore on these 12 airports.
When to get – More space will be opened in the next 6 months
He said that plans were being made to open more airspace in the country. Opening the airspace will reduce the time of flights, this will save people time. Also, fuel spent on flights will also be saved. For this, the government will resolve it by talking with the military. Explain that due to military area in many areas of the country, the movement of aircraft in those areas is banned. Because of this, planes have to move around. This could benefit Rs 1,000 crore. There will also be cooperation in protecting the environment.