PHDCCI hails government’s Rs 5,000 crore emergency credit support for airlines

New Delhi: PHD Chamber of Commerce and Industry (PHDCCI) on Saturday welcomed the government’s decision to approve a Rs 5,000 crore emergency credit support scheme for airlines under ‘ECLGS 5.0’ to address the financial and operational stress arising from the ongoing West Asia crisis.

Rajeev Juneja, President, PHDCCI, said, “The Government’s swift intervention through the Rs 5,000 crore emergency credit scheme demonstrates strong policy responsiveness towards one of the most critical pillars of India’s services economy”. …