Mamata likely to support FDI in aviation

Mamata Banerjee, chief minister of West Bengal and an important ally of the United Progressive Allaince government has given go-ahead to foreign direct investment in the aviation sector, according to a source in her government in Kolkata.
The UPA government is likely to take a final call on Friday on the issue of allowing foreign airlines to invest up to 49 per cent stake in the Indian carriers.
Most of the Indian air carriers are cash-starved and in dire need of fresh business openings.
Commerce and Industry Minister Anand Sharma told reporters on Thursday that the issue of FDI in aviation is listed on the agenda of the Cabinet Committee on Economic Affairs (CCEA) which will meet on Friday.
Mamata was completely against the move as industry experts have been claiming that the FDI in aviation by foreign airlines would hurt Air India. The fresh injection of liquidity is going to strengthen financial capability of the private sector.
13/09/12 Rediff.com

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Categories: Foreign Sep 2012, Indian Aviation- In General Sep 2012