BUDGET - BMR Advisors

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The ACP is designed to provide a forum for communicationbetween the Government of India and US public and privatesector entities in India. The initial funding of the Programme isproposed through the public institutions of USA and privatecompanies having stakes in aviation. The ACP’s specificobjectives are:1. To promote increased safety, operational efficiency andsystem capacity in the Indian aviation sector2. Facilitate and coordinate aviation industry training andtechnical ties between the U.S. and India; and3. Strengthen overall US - India aviation cooperationOutlookWith aviation sector has been complementing economic growth.With significant contribution by the aviation sector towardseconomic growth, under the 11th Plan, a huge impetus is beinggiven to investments in this sector. Given the large scaleinvestments, this sector is all set to scale new highs.Projected investments in the airport sector duringthe 11th PlanDuring the 10th Plan, the total investment outlay in the airportsector was to the tune of Rs 68 billion (USD 1.65 billion). Duringthe 11th Plan, the total investment in this sector is projected toscale up to Rs 409 billion (USD 10 billion).PROJECTED INVESTMENT IN THE AIRPORT SECTOR (INUSD BILLION)Source: Planning Commission, GoI dataindia<strong>BUDGET</strong>200827
SEGMENT WISE PROJECTED INVESTMENT IN THEAIRPORT SECTOR (IN USD BILLION)Source: Planning Commission, GoI dataWindow of opportunityDuring the 11th Plan, several activities including development ofgreen field airports, modernization and redevelopment of metroand non-metro airports, etc have been lined up.Construction of an international airport in NaviMumbaiGovernment of India has given “in-principle” approval for thesetting up of a greenfield airport through public-privatepartnership at Navi Mumbai, Maharashtra a steering committeehas been set up by the Government to monitor theimplementation this project. Till date, 3 meetings of the saidcommittee have been heldModernization / expansion of Kolkata airportThe Ministry of Civil Aviation has approved the action plan fordevelopment of Kolkata airport. The proposal involvesconstruction of an integrated terminal building to handle 20million passengers per annum and airside works at a total cost ofRs 19.5 billion to be completed by June, 2010.Expansion / modernization of Chennai airportAn Inter-Ministerial Group (IMG) under the Chairmanship ofSecretary, Ministry of Civil Aviation, has approved an action planfor development of Chennai airport. The proposal involvesexpansion of international and domestic terminal building tohandle additional 13 million passengers per annum and majorairside work, including extension of secondary runway at a total28india<strong>BUDGET</strong>2008
Page 1 and 2: indiaThought LeadershipBUDGET2008Im
Page 4 and 5: C O N T E N T SFOREWORDECONOMIC IND
Page 6 and 7: FOREWORDInfrastructure is the backb
Page 8 and 9: ECONOMIC INDICATORS AT A GLANCEIndi
Page 10 and 11: period of the previous year, regist
Page 12 and 13: GROWTH IN CRUDE PETROLEUM PRODUCTIO
Page 14 and 15: GROWTH IN STEEL PRODUCTION (IN PERC
Page 16 and 17: FY 2007-08 to 139 billion in FY 201
Page 18 and 19: Renewable energy sources which incl
Page 20 and 21: TransmissionDuring the period FY 20
Page 22 and 23: Policy developmentsElectricity (Ame
Page 24 and 25: PROJECTED INVESTMENT IN THE POWER S
Page 26 and 27: AVIATION INFRASTRUCTUREAs India’s
Page 28 and 29: necessary to carry out amendments t
Page 32 and 33: estimated cost of Rs 18.08 billion,
Page 34 and 35: is projected to scale up to Rs 869
Page 36 and 37: ROADS AND BRIDGESIndia has one of t
Page 38 and 39: Carriers’ Act, 1865 and would cat
Page 40 and 41: RAILWAYSThe Indian Railways is the
Page 42 and 43: estimated cost of Rs 280 billion•
Page 44 and 45: BUDGET EXPECTATIONS - POWERThe majo
Page 46 and 47: Customs and Excise duty rationaliza
Page 48 and 49: significant cost efficiencies (both
Page 50 and 51: Central sales taxDeclared goods sta
Page 52 and 53: during initial tax holiday years, s
Page 54 and 55: Reduction of customs duty on cold s
Page 56 and 57: Reduction of CST from 3 percent to
Page 58 and 59: Name of the Scheme FY 2007-08 FY 20
Page 60 and 61: • The amendment to take effect fr
Page 62 and 63: from customs duty. However, within
Page 64 and 65: legal right of possession and effec
Page 66 and 67: • Reduction of peak rate of excis
Page 68 and 69: • Supply of tangible goods where
Page 70 and 71: Thus, import of goods for airport d
Page 72 and 73: GLOSSARYAAIACDACPAERAATFATMBCDBIALB
Page 74: www.bmradvisors.comOUR CONTACTSNew

BUDGET - BMR Advisors

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