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Oct 25, 2011
Oct 24, 2011

India may allow foreign airlines to invest in local carriers -official

NEW DELHI, Oct 24 (Reuters) – The Indian government is
likely to approve a plan to allow foreign airlines to buy stakes
in Indian carriers, India’s industry secretary told Reuters on
Monday.

“It is likely to happen,” R.P. Singh told Reuters over the
phone, when asked if a proposal to allow foreign airlines to
invest in Indian counterparts would be approved by the federal
government.

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