Thursday, November 17, 2011

Aviation ministry firm on 24 pc FDI cap: Sources

There is a tussle between the Civil Aviation Ministry and Industries Ministry over the extent of allowing foreign airlines to invest in domestic carriers.
Civil Aviation Ministry sources have said that they are firm on a 24 per cent cap on the extent of FDI by foreign carriers while the Industry Ministry has batted for a minimum of 26 per cent.

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