New Delhi: AirAsia's planned joint venture in India does not see any major hurdle except for few procedural problems, Civil Aviation Minister Ajit Singh said in New Delhi on Wednesday.
"I don't see any big hurdles, whether they (AirAsia with Tata and Arun Bhatia) form joint venture before or after. The aviation ministry will check procedures of taking no objection certificate, having two-third of India directors and others were followed," he said.
However, he said AirAsia's planned joint venture could face some procedural problems which have to be cleared by Foreign Investment Promotion Board.
AirAsia, Tata Sons and Arun Bhatia of Telstra Trade Place Pvt. Ltd have proposed to set up a low-cost carrier in India.
06/03/13 PTI/Daily News & Analysis
