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Don't have sufficient well-capitalised cos with long-term view on helicopters:Jayant Sinha?

Press Trust of India  |  New Delhi 

of State for Civil Aviation Wednesday said there are not many "sufficient well-capitalised companies that can really take a long-term view" to establish business in

"The challenge right now with helicopters is that we don't have sufficient well capitalised companies that can really take a long-term view on helicopters and build out a business in India," Sinha said at the CAPA Aviation Summit 2019 here.

The said that it is no longer a policy issue but a question of entrepreneurship.

"We have addressed all the policy issues. If there are more to be addressed, we will address them. This is really the question of who is an So we need you all to step forward, put in the money, and make it happen," he said.

The central government has awarded various routes under its regional connectivity scheme Udan, short for Ude Desh ka Aam Nagrik, for helicopters.

"It was because of my efforts that we worked out a scheme to make it profitable to fly shuttles in hilly areas, where obviously we can't build airports. And many of those routes have been awarded," he said.

The people of are desperate to have these helicopter shuttles because it will really push the tourism in an incredible way, he said.

"With Udan, we made it very very possible for you to have a fleet of 40-50 helicopters and fly shuttles between cities such as Chandigarh and Shimla, or between Shimla and Kullu," he added.

"Anyone wants to run a helicopter service between Nariman point and Mumbai airport, that is a great opportunity. We tried it in Bengaluru but for many reasons it did not work. But you have to make the investment," he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 15:15 IST