Hyderabad: Air Asia Bhd, the Malaysia-based conglomerate with interests in aviation, financial services and hospitality is actively considering its foray into the Indian insurance sector.
"We are talking to key players in the market and our plans are very much on", said Tony Fernandes, one of the founders of the conglomerate.
The recent passing of the contentious insurance bill in the Rajya Sabha with higher Foreign Direct Investment cap is welcome and augurs well for our plans, he told newspersons here.
In Hyderabad, to unveil the livery of its fourth aircraft to commemorate the visionary JRD Tata, the Chief Executive Officer of Air Asia Group said the Indian Government's moves in insurance looks more positive than the recent changes in the aviation sector, especially the 5/20 regulations.
22/03/15 Business Line
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"We are talking to key players in the market and our plans are very much on", said Tony Fernandes, one of the founders of the conglomerate.
The recent passing of the contentious insurance bill in the Rajya Sabha with higher Foreign Direct Investment cap is welcome and augurs well for our plans, he told newspersons here.
In Hyderabad, to unveil the livery of its fourth aircraft to commemorate the visionary JRD Tata, the Chief Executive Officer of Air Asia Group said the Indian Government's moves in insurance looks more positive than the recent changes in the aviation sector, especially the 5/20 regulations.
22/03/15 Business Line
