Govt mulls raising FDI cap in air cargo

Civil Aviation Minister Praful Patel said here since India’s potential in cargo was not matching with the present operations and, therefore required a massive thrust, such a move could be considered.

“Government is deliberating on the matter ….while we have an overall FDI cap of 49 per cent in the aviation sector, we have to liberalise areas like air cargo, helicopters and sea-planes and the cap could reasonably put at 74 per cent”, he said at a cargo conference of the International Air Transport Association (IATA) here.

Asked whether the FDI cap in passenger carriers would also be hiked, Patel said, “Firstly, the internal needs will have to be met. Foreign airlines will only connect the big cities. They will not be interested in the hinterland”.

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