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Business News/ Politics / News/  Govt may allow foreign airlines to invest in local carriers
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Govt may allow foreign airlines to invest in local carriers

Govt may allow foreign airlines to invest in local carriers

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“It is likely to happen," R.P. Singh told Reuters over the phone, when asked if a proposal to allow global airlines to invest in Indian counterparts would be approved by the government.

India allows foreign investment of up to 49% in Indian carriers, but foreign airlines are not allowed to invest directly or indirectly in domestic carriers.

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Published: 24 Oct 2011, 12:13 PM IST
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