Govt to formally lift FDI caps on supermarket, aviation next week - min

INDIA-FDI-RETAIL-AVIATION-NOTIFICATION:Govt to formally lift FDI caps on supermarket, aviation next week - min

Bs_logoImage
Reuters NEW DELHI
Last Updated : Sep 14 2012 | 7:09 PM IST

India will "notify", or formally lift investment caps, in the supermarket and civil aviation sectors next week, Trade Minister Anand Sharma said on Friday.

India opened up its supermarket sector to foreign direct investment and allowed foreign airlines to invest in local carriers in a spate of policy actions on Friday, a day after New Delhi raised the price of heavily subsidized diesel in a bold political move.

-Govt allows FDI multi-brand retail. Read https://bsmedia.business-standard.comin.reuters.com/article/2012/09/14/india-economy-retail-fdi-reform-idINDEE88D08M20120914

-Foreign carriers allowed to buy stakes in local airlines. Read http://in.reuters.com/article/2012/09/14/india-aviation-fdi-idINDEE88D08P20120914

 

More From This Section

First Published: Sep 14 2012 | 7:09 PM IST

Next Story