Cabinet to consider FDI in aviation on Friday

The cabinet will consider a proposal to allow foreign airlines to buy stakes in local carriers on Friday, but a proposal to allow foreign supermarkets to invest in Asia's third largest economy is not on the agenda, the trade minister said.

September 13, 2012 / 15:46 IST

The cabinet will consider a proposal to allow foreign airlines to buy stakes in local carriers on Friday, but a proposal to allow foreign supermarkets to invest in Asia's third largest economy is not on the agenda, the trade minister said.

Under current rules, foreign airlines are barred from buying stakes in domestic carriers, although foreign investors are allowed to hold a cumulative 49%.

first published: Sep 13, 2012 12:42 pm

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