Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-16-Speech-2-093"
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"en.20081216.29.2-093"2
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"The Indian air traffic market is currently among the fastest growing in the world. Market opening and attempts to attract private and foreign capital to the Indian aviation market are seen as part of the measures necessary to develop and modernise India’s aviation sector in order to meet increasing demand and consumer expectations. While the Indian aviation sector has long been characterised by a restrictive approach with limited access and strong state control, India has in recent years taken decisive steps towards a more open and competitive aviation market.
Due to its extraordinary growth rates and gradual market opening, India offers new business opportunities and a strong potential also for growth for European airlines, aircraft manufacturers and service providers.
While ambitions should be high, a fully open aviation area with India may take time to develop and may best be developed in stages to allow a smooth transition and market integration based on a gradual implementation of new rules on a level playing field. I therefore agree with the conclusion of a horizontal agreement between the Community and India."@en1
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