India holds potential to become global aviation hub, 3rd largest aviation market by 2020, says FICCI-KPMG paper

NEW DELHI: India holds potential to become a global aviation hub and the third largest aviation market in the world by 2020, if it follows an eight-point action plan, as revealed by the FICCI-KPMG Knowledge Paper.

The paper named as 'India: The Emerging Aviation Hub', released on the second day of India Aviation 2012 here today, has demanded to pursue growth contributive policies of the civil aviation sector and also focussing squarely on quality, cost and passenger interest.

Moreover, the paper also favoured the close collaboration between the ministry of civil aviation and other ministries like finance, home, defence, external affairs, commerce and industry, tourism, environment, human resources and regulators, and the industry.

FICCI-KPMG paper also suggests that India can be promoted as an industrial and tourism hub in order to derive synergistic benefits for the aviation industry. The government should encourage state governments to cut down sales tax on aviation turbine fuel (ATF).