New Delhi, Jan 21: The government is looking at bringing in more effective and transparent financial policies so that investors are able to fund clean operating companies, Minister of State for Civil Aviation Jayant Sinha said today.
Besides, he said, the government’s aim is to complete planned projects in the stipulated period and avoid delays.
Sinha also said that enhancing airports infrastructure will not only help handle increased passenger flow but also lead to global business development and job opportunities as a multiplier effect.
“The Aviation sector plays a key role in steering India towards urbanisation and enhancing airports for increased passenger flow leading to global business development and employment opportunities in a multiplier effect,” Sinha said. According to the DGCA data, the number of passengers flown by the 11 local carriers stood at 95.52 lakh in December 2016 as against 77.09 lakh a year ago, up 23.9 per cent.
Sinha further said: “With clear corporate governance, we can reassure investors to finance clean operating companies. Going forward, we aim to have more effective, innovative and transparent financing policies.”
He was speaking at a conference on ‘Smart Cities – Reimagining Urban Spaces and Financing in Delhi’ organised by by IMC Chamber of Commerce and Industry here.
The panelists deliberated on the factors which would enable India to achieve tomorrow’s vision of reimagining urban spaces and financing by enhancing competitiveness.
IMC president Deepak Premnarayen said that raising long term equity capital is a major and urgent requirement in urban infrastructure.
He opined that private capital needs to supplement as government has limited resources in financing.
