Government To Clear FDI In Aviation Today?

After fuel price hike, the government is now ready to battle out with FDI in aviation industry.

Prime Minister Manmohan Singh may give the green signal to Foreign Direct Investment (FDI) in aviation in today’s meeting of Cabinet committee on economic affairs.

Aviation sector is demanding FDI for long as the sector is struggling for money. Kingfisher and SpiceJet may expect good news with this decision.

Currently, the foreign investors who are not associated with aviation business can only buy up to 49% stake in domestic airlines in India. However, with clearing the FDI in aviation, it will allow foreign airlines to invest directly into Indian aviation industry.

Earlier this year the government had initiated the process but Mamata Banerjee’s TMC opposed the move.

• About the Author

About Sprightly Spirit

“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!