FDI tap set to be opened further

New Delhi: The government is set to make significant changes in the FDI regime next month, allowing foreign investment in commodity exchanges, liberalising FDI in asset reconstruction companies — where the limit stands at 49% with FIPB approval — and a review of the cap on voting rights in the banking secto
In aviation, the government is considering a proposal to set up a separate chapter dedicated to policy on air traffic services. The government will take a call on what constitutes the services and whether they should have different FDI rules and limits. At present, every aviation activity, other than airports and airlines, are clubbed in one segment and this includes areas such as charter and helicopter services and ground handling. The government has already allowed 100% FDI in greenfield airports, 74% in existing airports and 49% in airlines.
03/02/07 Economic Times

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Categories: foreign feb 2007, General Aviation feb 2007