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Madhavan Menon, Chairman & Managing Director, Thomas Cook (India) Ltd. thoughts on #Budget2019 The #UnionBudget has focused attention on overall transportation infrastructure- seeing mention of far reaching initiatives including Bharatmala for #roads and Sagarmala for #waterways; massive #rail #modernisation and safety. Enhancement of the #Government’s UDAN scheme by inclusion of additional smaller #airports will give impetus to regional #air connectivity and affordability- and hence impetus to both inbound and #domestic #tourism. Setting up of 17 iconic tourism sites as world-class tourist centres and a #Digital Repository as a bank of documentation on India’s tribal and heritage are noteworthy initiatives that will see long term impact to both inbound and domestic tourism. The aviation industry needed strong support and the Finance Minister’s announcements on #FDI, aircraft financing and leasing, policy interventions for #development of maintenance, repair and overhaul in India (MRO) are collectively aimed at catalysing the #aviation sector and a multiplier effect of #job creation. #ThomasCookIndia #UnionBudget2019 #Budget2019 #BudgetForNewIndia #Budget2019 #UnionBudget #roads #waterways #rail #modernisation #Government #airports #air #domestic #tourism #Digital #FDI #development #aviation #job #ThomasCookIndia #UnionBudget2019 #BudgetForNewIndia

Posted on : 05 Jul 2019 3:28 PM

Mr. Indiver Rastogi, President & Group Head - Global Business Travel - Thomas Cook (India) Ltd.: The Union Budget saw focus on India’s vital #aviation sector: The #FinanceMinister Nirmala Sitharaman announced unveiling of plans towards #aircraft financing and leasing aimed at self-reliance in the aviation. This will see a cascading fillip to job creation/employment generation. Noteworthy is the Finance Minister’s announcement of plans towards opening up FDI in the aviation sector. The #announcement that the #government plans #policy interventions for development of #maintenance, #repair and overhaul in India (MRO) is another highly pro-aviation move. #aviation #FinanceMinister #aircraft #announcement #government #policy #maintenance #repair

Posted on : 05 Jul 2019 12:50 PM


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