New Delhi: A proposal to increase the foreign direct investment (FDI) limit in the civil aviation sector is unlikely to find favour with sections in the Government.
On Wednesday, the Arvind Mayaram Committee recommended that FDI limit may be raised for joint ventures in defence, broadcasting, telecom, private banks and aviation. Mayaram is Secretary Economic Affairs and heads the Foreign Investment Promotion Board, the nodal agency to attract foreign investments into the country.
While the Committee has suggested hiking the FDI limit in civil aviation, there is no clarity on which sector in civil aviation is to be considered under the proposal.
Civil aviation has a number of sectors including ground handling, domestic airlines, Non-Scheduled Operators Permit (NSOP) and setting up new airports. Each of these sectors has different FDI limits.
21/06/13 Ashwini Phadnis/Business Line
To Read the News in full at Source, Click the Headline
On Wednesday, the Arvind Mayaram Committee recommended that FDI limit may be raised for joint ventures in defence, broadcasting, telecom, private banks and aviation. Mayaram is Secretary Economic Affairs and heads the Foreign Investment Promotion Board, the nodal agency to attract foreign investments into the country.
While the Committee has suggested hiking the FDI limit in civil aviation, there is no clarity on which sector in civil aviation is to be considered under the proposal.
Civil aviation has a number of sectors including ground handling, domestic airlines, Non-Scheduled Operators Permit (NSOP) and setting up new airports. Each of these sectors has different FDI limits.
21/06/13 Ashwini Phadnis/Business Line
