<ul data-eligibleForWebStory="false"><li>GIFT City in Gandhinagar has unlocked a $5-billion opportunity annually for the domestic aviation industry by providing ease of aircraft leasing.</li><li>Aircraft leasing in GIFT City offers tax benefits and a relaxed, cost-effective leasing process, leading to a reduction in leasing costs by 10 to 15%.</li><li>Civil Aviation Minister K Ramamohan Naidu highlighted that with 80% of the commercial fleet in India currently on lease, GIFT City presents a significant opportunity for the Indian aviation industry.</li><li>Naidu emphasized that aviation plays a crucial role in economic transformation, with airports serving as hubs of economic activity and growth drivers.</li></ul>

GIFT City Unlocks $5-Billion Opportunity Annually For Domestic Aviation Industry: Naidu

Discover more