Foreign equity cap for helicopter operations to be raised

New Delhi: The government is set to increase the upper limit of foreign equity in helicopter operations and seaplanes to boost the growth of the sector, Civil Aviation Minister Praful Patel said here Monday.
Patel told participants at the inaugural session of a three-day US-India Aviation Partnership Summit that the government was keen on more private participation in the development of infrastructure in the civil aviation sector.
'We need public-private partnership for airport development. We want others to join. We have allowed 100 percent foreign direct investment (FDI) in the area of greenfield airports,' he said.
23/04/07 India PRwire (Press Release)

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Categories: Foreign Apr 2007, General Aviation Apr 2007