Fdi In Aviation
Fdi In Aviation News
FDI helps in improving the country's balance of payments situation and strengthen the rupee value against other global currencies, especially the US dollar.
Air India's proposed stake sale will go on, but suggestions on divestment welcome: Ashok Gajapathi Raju
Currently, a ministerial panel is firming up the contours of the strategic divestment -- of at least 51 percent stake -- in Air India and its subsidiaries
FDI relaxation shows BJP govt is back on reform track, but why are new jobs absent from Indian economy?
After a series of disappointing economic data, the relaxation in FDI rules is a confidence-builder for investors in the Narendra Modi-government.
FDI not worth much without tech transfer, it contributes only 2% to India's investments: Subramanian Swamy
The government on Wednesday relaxed FDI policy for medical devices and audit firms associated with companies receiving overseas funds.
100% FDI in single brand retail will render large number of people jobless, impact small businesses: CAIT
In major changes liberalising FDI in key sectors, the Union cabinet on Wednesday approved 100 percent foreign investment in single brand retail trading.
Top US companies are eager to invest in India's booming aviation sector's various fields, from security to building new airports, with recent changes in regulatory environment "encouraging" them, American officials have said.
Asserting that India has taken significant steps in making air travel affordable, Civil Aviation Minister Ajit Singh today called for more foreign direct investment from America in the country which now offers immense business opportunities.
Etihad Airways expects a $600 million investment in Jet Airways to be cleared by Indian authorities imminently, as it further extended a deadline for regulatory approval that ended on August 31, the Abu Dhabi carrier said on Sunday.
Hogan's strategy for Jet Airways and India is unlikely to be very different from what he has done around the world.
Now, the PM and indeed his Cabinet colleagues are caught between a rock and a hard place: Can India, which has been a more than willing signatory to the ASA, now back out because it has problems in its own backyard?
Tigerair is the first non-Gulf airline which is seen as an interested party. Sources said it is possible that a broad understanding has been reached between Tigerair and SpiceJet promoters but no deal has been signed till now.
The Cabinet approval of a revised norm to define 'effective control' for the purpose of FDI will not apply on the Jet-Etihad deal as it will be applicable only with prospective effect.
First, what is the point of opening up the sector partially and in multiple steps? If the intent is to liberalise, why not go whole hog and allow foreign airlines to own 100% in Indian carriers?
It could well happen that frustrated with the Indian government's flip-flops, Etihad turns tail and withdraws. That, in every sense, would be a disaster this FDI hungry Government should avoid at all costs.
With AirAsia India, Tata perhaps hopes to let thousands of Indians, who can't afford to fly now, dream of taking to the skies.
Minister Ajit Singh initially said he would have preferred the Tatas to launch an airline on their own, then said he had no problem with the new airline proposal but there seem to be some procedural issues with it.
Ahead of finalising Etihad's deal to acquire 24 percent stake in Jet Airways, top brass of the two carriers today met Finance Minister P Chidambaram here and are understood to have discussed regulatory requirements.
Etihad Airways may not get any direct immediate benefits in terms of increased traffic from Indian cities even after it picks up a minority equity stake in India 's Jet Airways.
British Airways is in talks with India's biggest carrier, IndiGo, over a ticketing and baggage sharing agreement, a source with direct knowledge of the discussions said on Tuesday.