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Home Economy

Govt urged to review regulatory mindset

Fiinews by Fiinews
May 26, 2020
in Economy
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Subsidize airport expenses, says Rao

The Government must definitely review the regulatory mindset and environment given the current disruption to businesses by pandemic, said Murali Ramachandran, President, Ground Handler’s Association.

“No revenue, no fiscal support and a highly regulated environment is a devastating cocktail for any industry,” he warned at a webinar by Bird Group in association with PHD Chamber of Commerce and Industry. Themed ‘Saving Airlines & Allied Industries – Saving Jobs’, it was held 23 May 2020.

The Ground Handling industry has been crippled, added concerned Ramachandran about employment.

Among other speakers, K Narayan Rao, Group Deputy Managing Director, GMR Group, has called for immediate SOPs to subsidize airport expenses in order to keep the highly capital-intensive operations of airport afloat amid the current economic meltdown.

Rao also urged the government to ensure the blue-collar workers as well as the migrant labour are not rendered unemployment that fills more than half of the workforce employed by airlines, airports and other aviation ancillary services.

More than 650 industry representatives participated in the webinar. fiinews.com

Tags: PHD Chamber of Commerce and Industry
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