Press Release: Working Group of Ministry of Civil Aviation, which Vinod Kothari was a part of, releases its report

The Working Group on Developing Avenues for Aircraft Financing and Leasing Activities in India constituted by Ministry of Civil Aviation has submitted its report ‘Project Rupee Raftaar’ which is a road map for developing an Aircraft Financing and Leasing Ecosystem in India. The project is based on the theme of “Flying for All”.

The working group comprised of diverse stakeholders from across the government, regulatory authorities, public and private corporates, industry associations, academia, and legal and financial consultants. Mr. Vinod Kothari, Director of Vinod Kothari Consultants was also a part of this working group.

The terms of reference of the group, inter alia, included examining and recommending changes along with potential strategies for making aircraft financing and leasing activities more attractive for entities set up in GIFT-City International Financial Services Centre (IFSC) Its terms of reference, inter alia, included examining and recommending changes along with potential strategies for making aircraft financing and leasing activities more attractive for entities set up in GIFT-City International Financial Services Centre (IFSC).

The report of the group also refers to India Leasing Report-2016, with subsequent editions, produced by M/s. Vinod Kothari Consultants Pvt. Ltd. for details on the growth and development of the overall Indian leasing industry, and notably the classification of lease products, accounting standards, and regulatory provisions and issues.
The detailed report submitted by the Working Group can be viewed here: https://www.globalaviationsummit.in/documents/PROJECTRUPEERAFTAAR.pdf