Thursday, February 08, 2007
Bangalore: India may permit higher levels of foreign equity in some softer segments of civil aviation, including aircraft maintenance facilities and chopper operations, Civil Aviation Minister Praful Patel said on Thursday.
"The softer side of civil aviation has not reached the full potential in India yet," Patel told a conference on the margins of the Aero India Show, organised by the Federation of Indian Chambers of Commerce and Industry.
"We have a 49 per cent limit on foreign equity in civil aviation. We want to have more foreign equity in the softer side," the minister said, making a distinction between scheduled airline operations and other areas of the aviation industry.
According to the minister, while India is witnessing unprecedented growth in scheduled airline operations, some other segments in the industry have only begun to look up.
The minister said talks were also on with some countries and the International Civil Aviation Organisation to revamp the regulatory framework for the industry, a task currently being performed by the Directorate General of Civil Aviation.
08/02/07 Indo-Asian News Service
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"The softer side of civil aviation has not reached the full potential in India yet," Patel told a conference on the margins of the Aero India Show, organised by the Federation of Indian Chambers of Commerce and Industry.
"We have a 49 per cent limit on foreign equity in civil aviation. We want to have more foreign equity in the softer side," the minister said, making a distinction between scheduled airline operations and other areas of the aviation industry.
According to the minister, while India is witnessing unprecedented growth in scheduled airline operations, some other segments in the industry have only begun to look up.
The minister said talks were also on with some countries and the International Civil Aviation Organisation to revamp the regulatory framework for the industry, a task currently being performed by the Directorate General of Civil Aviation.
08/02/07 Indo-Asian News Service
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