10-Nov-2009 11:11 AM

Kingfisher Airlines CEO announces support for FDI proposal

Kingfisher Airlines CEO, Vijay Mallya, announced support of changes to India’s foreign direct investment policy to allow foreign carriers to invest in Indian domestic carriers (IANS, 09-Nov-2009).

Kingfisher Airlines:I have always said strategic investors give you a much better value, certainly better than a private equity investor. With the Prime Minister pronouncing about the FDI the government will consider the matter… they desire to make India even more attractive for foreign direct investment. We are particularly keen to rationalise and simplify procedures so as to create an investor-friendly environment,” Vijay Mallya, CEO. Source: IANS, 09-Nov-2009.