New Delhi: Once bitten, twice shy. Stung by the strong attack from its allies after the Cabinet had cleared foreign direct investment (FDI) in multi-brand retail, the government has now decided to first bring about consensus among its allies before allowing foreign carriers to invest in domestic ones.
The government has decided to consult allies like the Trinamool Congress (TC) and the Dravida Munnetra Kazhagam (DMK) before any resolution on extending the ambit of FDI to aviation by allowing foreign carriers to buy stakes in Indian ones.
“Civil Aviation Minister Ajit Singh will meet TC chief Mamata Banerjee on May 5, when she would be in New Delhi to attend a meeting on the National Counter-Terror Centre. A meeting with DMK would also he held soon. A decision has been taken to not move any proposal without taking the allies on board,” said a senior minister, on the condition of anonymity.
In December, the government had to roll back its decision to allow FDI in multi-brand retail and limit it to single-brand retail after Mamata Banerjee objected to the move.
24/04/12 Mihir Mishra/Business Standard
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