Hardeep Singh Puri – Union Minister:
Delighted to join Smt N Sitharaman Ji for an interaction with captains of the industry at India Aircraft Leasing Summit 2021. India must leverage growing air traffic to establish robust aircraft leasing industry.
Aircraft leasing business has huge potential to contribute to growth of the economy through higher tax revenue collection, employment opportunities & affordable air travel.
Development of the aviation leasing sector in the IFSC will create a complete ecosystem for the aviation sector in India. This would generate employment opportunities in aircraft leasing companies as well as ancillary activities.
In order to promote aircraft leasing in the IFSC, it was imperative to benchmark the ecosystem with leading regimes. Recent tax & regulatory changes seek to bring India on par with those regimes.