Union Aviation Minister Ajit Singh has said that India allows foreign airlines to invest as much as 49 per cent stake in local airline firms regardless of whether the investment is made before a joint venture is formed or after. Singh was instrumental in permitting foreign carriers to invest in local airlines by amending the existing foreign direct investment rules, as part of efforts to help local airlines get much-needed funds.
Tag: India
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India discusses investment opportunities with Kuwait
During a recent meeting with a visiting team of dignitaries from Kuwait, the Indian government discussed opportunities for Kuwaiti investment in refineries in India. Kuwaiti Minister Shaikh Nasser Sabah Al-Ahmed Al-Jaber Al-Sabah held talks with External Affairs Minister Salman Khurshid on various bilateral issues including ways to ex
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India plans more roads, new ports to up its growth
India will construct more roads and new ports to remove infrastructure bottlenecks that hamper its growth. The new ports will be set up in Andhra Pradesh and West Bengal that will add capacity of 100 million tonne, Finance Minister Palaniappan Chidambaram said in his annual budget speech recently. The government will also award 3,000 kilometre (1,864- miles) of road projects in the first half of the year starting April 1, he said.
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Delhi airport to build Cargo Village in its premises
To promote cargo gateway in India the Delhi International Airport has planned a 'Cargo Village,' said the Union Minister of State for Civil Aviation KC Venugopal in the Rajya Sabha on March 7.
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India to boost coastal shipping with Bangladesh
The feasibility and potential of Coastal Shipping between India and Bangladesh was discussed In the Shipping Secretary-level talks held on 2nd – 3rd July, 2012 in Dhaka, Bangladesh. Subsequently, it was also discussed in the Directors General (Shipping) level talks held on 26th September, 2012 at Visakhapatnam, India and on 14-15 January, 2013 at Cox’s Bazar, Banglad
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AirAsia India starts headhunting for its crew
AirAsia India, the new joint venture airline that AirAsia Bhd and Tata Sons propose to launch has started approaching top aviation executives in India, as it attempts to build its team ahead of a nod from the government, sources said. The fate of AirAsiaÂ’s proposal will be decided by the government on March 6, but the partners have already scheduled interviews with potential hires this week, indicating their confidence of receiving a clearance.
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India’s no-frill carriers plan buying smaller aircraft
India's no-frill carriers have started thinking of buying smaller aircraft with IndiGo even evaluating launching a regional subsidiary. The move follows the government focusing more on improving regional connectivity, a leading aviation consultancy firm has said. IndiGo is also evaluating the possibility of placing an ATR (turboprop aircraft) order to establish a regional subsidiary, the Centre for Asia Pacific Aviation (CAPA) said in a latest report.
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Regulation and technology will be the key
Once free of TAMP, we are going to see how far that can change the operating practices to make the ports more efficient, says Saibal K De, Director & CEO, IF&FS Maritime Infrastructure Company,
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Regulation and technology will be the key
Once free of TAMP, we are going to see how far that can change the operating practices to make the ports more efficient, says Saibal K De, Director & CEO, IF&FS Maritime Infrastructure Company,
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Green ports: A long way off
Sustainable development of ports paradigm is gaining momentum, albeit slowly among Indian ports. But to speed up the movement, a holistic approach with suitable legislation, more driving forces, incentives and involvement of all stakeholders are essential