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).

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More