The aviation sector is being revamped by the government through a comprehensive package. This package includes reduced user charges, regulatory relaxations, and tax concessions.
Multiple ministries, such as aviation, commerce, finance, home, petroleum, and environment, are collaborating on this initiative. The civil aviation ministry is prioritizing regulatory relaxations and route allocations, while the commerce ministry aims to align the package with India's trade objectives to attract foreign investment. The finance ministry will evaluate tax concessions, particularly related to aviation turbine fuel (ATF), and the petroleum ministry is working with state governments to rationalize the value-added tax (VAT) on jet fuel. The environment ministry will ensure compliance with sustainability norms, and the home ministry is focused on enhancing immigration and security protocols. State governments are also expected to support the development of regional airports.
The government's comprehensive package for the aviation sector includes various measures to revitalize the industry. These measures are being implemented through collaboration between multiple ministries. The civil aviation ministry is prioritizing regulatory relaxations and route allocations, while the commerce ministry aims to attract foreign investment by aligning the package with India's trade objectives. The finance ministry will evaluate tax concessions, particularly related to aviation turbine fuel (ATF), and the petroleum ministry is working with state governments to rationalize the value-added tax (VAT) on jet fuel. The environment ministry will ensure compliance with sustainability norms, and the home ministry is focused on enhancing immigration and security protocols. Additionally, state governments are expected to support the development of regional airports.