There are two areas.
More particularly for aerospace, my colleague mentioned the issue with tariffs and other duties, and we're faced with a similar situation with respect to our exportation of business aircraft into the Indian market. There's a number of charges being applied to the acquisition of business aircraft, including tariffs, duties, and value-added taxes, and excise taxes as well, and all these charges combined amount to a surcharge of 23% on our business aircraft.
We are of the view that this is stifling the business aviation market in India. There's no local manufacturer, so we don't present a competitive threat, if I may express myself in this fashion, for the Indian market, but there's still some distance to go in India to see business aviation as a tool for economic development and productivity.
On the rail side, I would say the lack of transparency and fairness issues as well with respect to public tenders.... There are some very sizeable procurement projects coming up for rail equipment. There are some projects that we've been working on for some time, but because of red tape, because of some political issues as well, and because of slowness in the bureaucracy, some of these projects have been delayed on a number of occasions. It's difficult for foreign suppliers to adjust our plans accordingly when we don't have any sense of predictability as to when these projects will be going forward.
But recently we've seen some indications that reforms are being pushed through in India by the Indian government: more openness to foreign companies, to foreign suppliers, in some specific areas, like retail. I'm sure you've heard about that. On aviation as well, they're encouraging foreign investment into Indian airlines, and also in the insurance business, but that doesn't really affect us directly. There's also talk about forming a committee that would be comprised of a number of ministers to fast-track some of the large-scale infrastructure and industrial projects in India. I think that bodes well for companies such as ours.