View: The helicopter industry faces a serious crunch of skilled manpower
Support from the government, through the creation of enabling infrastructure, appropriate regulations, and some hand-holding can catalyse a virtuous cycle of economic benefits for the sector.
Synopsis
Besides the asset monetisation of vast real estate assets of PHL — which includes over 240 residential apartments in Mumbai — cash to be realised by shareholders is not expected to be significant. However, the impact of the privatisation on the India’s moribund helicopter industry will be telling.
The push for largescale privatisation and monetisation of assets was a key feature of this year’s budget. One of the key proposals related to this move was the reiteration of ‘full privatisation’ of the state-owned helicopter company, Pawan Hans Limited (PHL), within FY2022. GoI is a 51% stakeholder, the rest being with PSU Oil and Natural Gas Corporation (ONGC). ONGC has also decided to exit PHL at the same terms and conditions as GoI.
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