Monday, April 23, 2012

Indian Government Delays FDI Decision

The spate of recent reports on the Indian government's imminent approval of investment by foreign airlines appear to have been premature as a decision is no longer expected before the end of May at the earliest. See Nigam Prusty and Manoj Kumar, India Decision on Aviation FDI Not Before May-End: Minister, Reuters, April 20, 2012 (available here). The Indian government reportedly feels it needs time to bolster political support for the measure. See Mihir Mishra, Aviation FDI: Cautious, Centre Set to Take Allies on Board, Business Standard, April 23, 2012 (available here).

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