GST Notices to Foreign Airlines May Hamper India's Aviation Growth: IATA

08 Aug 2024 CW Team

The International Air Transport Association (IATA) has expressed concerns that the recent Goods and Services Tax (GST) notices issued to foreign airlines operating in India could hinder the country's robust aviation growth potential. According to IATA, these tax notices may deter foreign carriers from expanding operations in India, thereby affecting the nation's international connectivity and overall aviation sector investments.

India's aviation sector has been on a growth trajectory, driven by increasing passenger traffic and expanding international routes. However, the imposition of GST on foreign airlines for services provided outside India has raised alarms within the industry. IATA argues that this move could lead to increased operational costs for foreign carriers, making India a less attractive market for new routes and expanded services.

The potential reduction in international flights could have broader implications for India's economy, given the aviation sector's significant role in facilitating trade, tourism, and economic development. IATA emphasises the need for a more favourable tax environment to sustain and enhance India's aviation growth.

Furthermore, the aviation body underscores that harmonising tax policies with global standards is crucial for maintaining India's competitiveness in the global aviation market. Ensuring a supportive regulatory framework will be key to attracting foreign investments and fostering long-term growth in the sector.

In response to IATA's concerns, industry stakeholders and policymakers are urged to reassess the GST policies affecting foreign airlines. A balanced approach that considers the operational realities of international carriers and the strategic importance of aviation for India's economic growth is essential for the continued expansion of the country's aviation industry.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..