9-Nov-2009 11:43 AM

Indian Committee to discuss foreign direct investment

Indian Government’s Committee of Secretaries (CoS), headed by Cabinet Secretary, KM Chandrasekhar, reportedly announced plans to meet on 17-Nov-2009 to discuss investment in Indian domestic carriers by foreign carriers and whether to increase the foreign direct investment cap (Press Trust of India, 06-Nov-2009). Minister for Civil Aviation, Praful Patel, reportedly supports a proposal of 25% investment from foreign carriers, while the Department of Industrial Policy and Promotion (DIPP) reportedly supports a 49% cap (DNA, 06-Nov-2009).