New Delhi: Before the proposal of allowing foreign airlines to buy stakes in domestic carriers is taken up by the Cabinet, Prime Minister Manmohan Singh is likely to consult senior ministers to build a consensus on the contentious issue, sources said.
"While the final cabinet note has been moved by the Department of Industrial Policy and Promotion (DIPP), the Prime Minister is likely to hold consultations among ministers for Finance, Commerce, and Home Affairs. Besides, he would also consult with Railways Minister Mukul Roy, who is from TMC, a key ally in the UPA government," they said.
It was West Bengal Chief Minister and TMC Chief supremo Mamta Banerjee who had forced the government to put on hold the decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail.
The commerce and industry ministry had moved a cabinet note to allow foreign carriers pick up equity in their Indian counterparts.
17/04/12 PTI/Asian Age
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