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India Seeks American Aviation-Sector Investors

by Mike Godfrey, Tax-News.com, Washington

17 November 2011


The US Federal Aviation Agency and India's Directorate General of Civil Aviation have signed a landmark agreement on the safety of aviation products intended to facilitate increased investment from US business owners in the Indian market.

The Implementation Procedures for Airworthiness agreement was signed by Dorenda Baker, the director of the FAA's Aircraft Certification Service and Bharat Bhushan, the head of the DGCA on November 17.

The agreement will provide for the reciprocal certification of aviation products so that companies' aviation product offerings can be mutually recognized as being safe, enabling market entry.

At the meeting with US officials, Civil Aviation Secretary Nasim Zaidi called for US investors to take advantage of the growth potential of the Indian aviation industry, with foreign investment of up to USD130bn required in various areas over the next decade, he said. Demand for aviation is expected to boom in India over the period, with annual passenger traffic likely to breach 250m by 2020.

TAGS: aviation

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