The BREXIT is on the top watchlist of all nations, corporates and other stakeholders keen to know the repercussions this transition, wherein Britain formally exits from European Union. This deal is not easy to come by, as both the stakeholders have to protect their stakes and may have divergent sets of demands and expectations from each other. While, the said deal is still to unfold, in an interesting turn of events- Britain and India have agreed to further strengthen the aviation ties among themselves, wherein the India-UK deal will allow more flights to boost tourism and trade for global India & Britain.
As per the present details, India and the UK signed a MoU to ease restrictions on the number of scheduled flights between the two countries, following successful talks in India this week. Limits on flights from key Indian cities including Chennai and Kolkata have been scrapped, allowing for a greater range of flights for passengers while providing a boost to trade and tourism for the UK and India.
The agreement also opened all destinations in the UK for Indian carriers for code share flights, and reciprocally the UK carriers can also operate code share flights to any International Airport in India, through domestic code share arrangements. Tourism from India makes an important contribution to the UK economy. In 2015, there were 422,000 visits from India to the UK, bringing more than £433 million to the economy.
The agreement was formally signed by Minister of Civil Aviation, Pusapati Ashok Gajapathi Raju, on behalf of India and Lord Ahmad of U.K. during a visit to India where he led a delegation of British companies for the 2017 CAPA India Aviation Summit held at The Leela Mumbai.
Indian Civil Aviation Minister Pusapati Ashok Gajapathi Raju, said “The increase in number of flights between the UK and India is encouraging news for our businesses and tourists. We already enjoy strong ties with the UK and we welcome such continued association which in the long run will not only encourage business activity, but also people-to-people contact. I am sure that this agreement will bring direct and indirect benefits to many sectors of the economies of our two countries”.
Extending similar sentiments, the Aviation Minister of U.K., Lord Ahmad said: “India is one of our closest allies and key trading partners and this new agreement will only serve to strengthen this crucial relationship. We are unlocking new trade and tourism opportunities which will boost our economies, create new jobs and open up new business links. This is great news for both the UK and India and is yet another sign that we are open for business and ready to build and strengthen our trade links.”