FIPB to take up Singapore Airlines-Tata, 29 other FDI proposal on Friday

FIPB to take up Singapore Airlines-Tata proposal on Friday
The Finance Ministry will take a call on Singapore Airlines' proposal for tie-up with Tatas to set up a full-service airline as well as 29 other foreign direct investment applications on Friday, said a PTI report.

According to the report, Singapore Airlines (SIA) has approached the Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Arvind Mayaram, for permission to invest USD 49 million in the proposed venture with Tata Sons, the holding company of the Tata Group firms.

As per the FIPB agenda, the SIA's proposal along with 29 other FDI applications will be taken up for decision on October 18.

Dion Global Solutions Ltd.

Story first published: Thursday, October 17, 2013, 9:12 [IST]
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