India Adopts Long-Awaited National Aviation Policy
by Neelam Mathews - June 29, 2016, 3:00 AM New Indian carrier Vistara stands to be a beneficiary of the long-delayed reforms of the country's air transport policy. [Photo: Neelam Mathews] India released a national civil aviation policy on June 17 after two decades of fits and starts, as the country works to properly develop its fledgling infrastructure and prepare for a forecast 20 percent annual traffic growth until 2020. Within three days of the announcement, India radically liberalized its restrictive foreign direct investment regime by opening ten sectors, including defense and aviation. Ministry of Civil Aviation secretary Rajiv Nayan Choubey called June “a fun month,” while admitting challenges of implementation lay ahead and that “nuts and bolts” of the policy still required fine-tuning. “We are concerned that if we fall behind our growth curve, we will face civil aviation slumps,” he said. “We have told OEMs to bring in ...