Air India acquisition will energise aviation Sector: PM Modi
Air India acquisition will energise aviation Sector: PM Modi
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Prime Minister  Narendra Modi on Wednesday said his government has taken a number of steps to instil new energy in the aviation sector. His comments come weeks after Tata group emerged as the winning bidder for Air India paving the way for disinvestment of the loss-making carrier. PM Modi said the statement while inaugurating a new international airport at Kushinagar in Uttar Pradesh.

Kushinagar is the final resting place of Gautama Buddha where he attained Mahaparinirvana after his death and is among the most important pilgrim spots for Buddhists. The new airport, built at an approximate estimated cost of Rs 260 crore, is part of the government's endeavour to connect Buddhist pilgrimage sites around the world. After inaugurating the airport, PM Modi said it will boost connectivity and tourism, while also helping develop an entire economic ecosystem in the region and create new job opportunities.

PM Modi said the government's special attention to the development of places associated with Lord Buddha and developing Kushinagar are among the top priority areas for the UP and central governments. Referring to the recent decision to privatise Air India, Modi said the country has taken a big step related to Air India so that its aviation sector should run professionally, and convenience and safety should be given priority.

Earlier this month, the government accepted an offer by Talace Pvt Ltd, a unit of Tata group, to pay Rs 2,700 crore cash and takeover Rs 15,300 crore of Air India's debt.

 

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