Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

FIPB to take up AirAsia entry proposal on March 6

Feb 23 2013, 00:47 IST
Comments 0
SummaryAirAsia has applied to FIPB to take 49 per cent in a venture with Tata Sons Ltd and Arun Bhatia’s Telestra Tradeplace Pvt Ltd, the Malaysian company had said earlier this week

The finance ministry will take up on March 6 the investment proposal of Malaysian budget carrier AirAsia which seeks to enter India through a joint venture with the Tata Group and another company.

The investment proposal of AirAsia Investment Ltd, Malaysia, has been listed in the agenda of the Foreign Investment Promotion Board (FIPB) meeting scheduled on March 6, sources said.

AirAsia has applied to FIPB to take 49 per cent in a venture with Tata Sons Ltd and Arun Bhatia’s Telestra Tradeplace Pvt Ltd, the Malaysian company had said earlier this week. If cleared, this will be the first entry of an foreign carrier in the domestic airlines after the aviation FDI policy was liberalised.

Ads by Google

More from Business

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...