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Govt to push for aviation FDI, Mamata on board

Sep 13, 2012 01:32 PM IST Business Business

New Delhi: The government is getting ready to push for FDI in aviation with sources confirming that Trinamool Congress chief Mamata Banerjee has agreed to the proposal.

Cabinet Committee on Economic Affairs is likely to discuss and clear FDI in aviation on Friday. The proposal will be sent to the Cabinet for approval some time in next week.

Sources add that Air India is likely to be excluded from the proposal.

The West Bengal Chief Minister had been opposing the proposal giving a jolt to the government's effort to revive the civil aviation sector.

With so many cash-strapped airlines struggling to survive in the market, the Indian civil aviation sector is seeing one of its worst phase.