India has approved a long-pending policy reform allowing foreign airlines to buy stakes of up to 49% in the country’s local carriers. Though Foreign Direct Investment (FDI) was previously allowed in the aviation sector, foreign airlines were prohibited from investing in Indian carriers, says Civil Aviation Minister Ajit Singh.
New Delhi – India is awaiting assurances from its troubled partner Russia that it will be prepared for India’s second mission to the Moon, the Chandrayaan-2, in 2014, the country’s top scientist says. Russia, which is reviewing its space mission program after the recent failure of an interplanetary mission with China, will provide the lander while India will build the lunar orbiter and rover for Chandrayaan-2.
