Govt likely to hike FDI cap in aviation

New Delhi: In a major policy review, the UPA government is likely to allow FDI in atomic energy and raise the foreign investment cap in the aviation sector by July end.
The government is encouraged to go in for a big liberalisation drive following a record FDI inflow of 15 billion dollars in 2006-07, official sources said.
The government has set an FDI target of 25 billion dollars for the current fiscal, they said.
At present, FDI in airlines is capped at 49 per cent while greenfield airport projects are allowed 100 per cent foreign participation.
25/06/07 Zee News

To Read the News in full at Source, Click the Headline

Categories: Foreign Jun 2007, General Aviation Jun 2007, New Jun 2007