Rossell India Ltd has now announced with reference to the signing of an agreement between the Company's wholly owned subsidiary Company, Rossell Aviation Private Limited (Rossell Aviation) and CAE International Holdings Limited, Canada (CAE), that approval has since been received from the Government of India, Ministry of Finance, Department of Economic Affairs, FIPB, (FC Section), Delhi.
The approval is received for undertaking activities in civil & defence aviation field with focus on product support services, repair and maintenance facility, providing training solutions in project primarily relating to the offset obligation with 26 percent FDI from CAE.
02/04/12 Equity Bills
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