Saturday, March 03, 2007

India may allow 100 percent foreign investment in chopper services

India may allow 100 percent foreign investment in chopper services

Indian government may allow 100 percent foreign direct investment in seaplane and helicopter services, a senior official said Tuesday.

Indian Civil Aviation Minister Praful Patel said that the matter is under consideration of the government.

The government may also allow full foreign investment in setting up maintenance and overhaul facilities for chartered and other non-scheduled flights.

But he said the government will not increase the foreign investment quotas on domestic passenger airlines.

The ministry has plans to start operating some 21 unused airstrips across the country to clear air congestion, Patel said.

Source: Xinhua

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