India, Jan. 21 -- The government will soon approve the Cape Town Convention --- an international agreement designed to make it more attractive for leasing companies to invest by duplicating repossession rights available in the United States when airlines default on lease payments --- to make it easier to lease and buy aircraft in India, Vumlunmang Vualnam, secretary, ministry of civil aviation, said on Tuesday.

".. work is in progress on the bill or the law to ratify the Cape Town convention..and our Union Cabinet has approved it. It will go to the Parliament, and we are hopeful that sooner rather than later, the Cape Town convention will have a legal lighting in India, it will become enforceable in India, greatly supporting the leasing ...