Indian government open to FDI “tweaking”

Victoria
By Victoria November 19, 2012 15:41

Indian government open to FDI “tweaking”

Indian Finance Minister P Chidambaram has suggested that the government may be open to tweaking FDI norms in the aviation sector to attract investment. He said: “What is there to tweak, we have allowed 49%. Let us see whether there are potential investors. These are executive decisions, they can always be tweaked,” he said.
“See, merely because you raise it (the 49 per cent limit) to 51 per cent does not mean somebody is going to come. There may be a willing buyer, there has to be a willing seller also. The Indian company must be willing to yield control. And (there is) no evidence of that. There are only half a dozen players in the sector,” Chidambaram said.

Victoria
By Victoria November 19, 2012 15:41
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