India invites foreign investment in aviation sector

Thursday, 30 September 2010, 19:23 Hrs
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Montreal: India has invited Canadian and other global companies to participate in its booming aviation sector, which has investment opportunities worth USD 150 billion.

"Though India has achieved a lot of progress in this area in a short span of time, still we have a long way to go.

Scope for working together is immense as USD 150 billion worth of investment opportunities are available," Civil Aviation Minister Praful Patel said at a meeting of top aviation players here yesterday.

He said both the Indian aviation industry and its foreign partners could grow hand in hand to become "partners in progress" in the spectacular growth story of the country's civil aviation sector.

Highlighting several growth indicators of the sector, Patel stressed that global best practices must be adopted so that the country may be equipped to handle this kind of high growth and massive expansion.
Source: PTI
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