My Account Menu

CAPA Login

Register to trial CAPA Membership!

Tata Sons praises 'transparency and its principled implementation of the stated policy' re FDI

7-Mar-2013 10:46 AM

AirAsia Group CEO Tony Fernandes, following the FIPB clearance of the proposed AirAsia India venture, tweeted (06-Mar-2013) "Exciting. Thank you all... The good always wins. People and companies with good intentions to create jobs and make life of an average man better will always win.” Tata Sons chairman emeritus Ratan Tata has welcomed the approval given to AirAsia and tweeted (05-Mar-2013): "FIPB approval of the airline project between Tatas, Air Asia and Bhatias reflects the true investor friendly policies of the Govt. This and other similar actions will, without doubt, reinforce investor confidence in India. I applaud the Govt. for its transparency and its principled implementation of the stated policy".