India invites foreign investment in aviation sector

Montreal, Sep 30 (PTI) 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," Indian Civil
Aviation Minister Praful Patel said at a meeting of top
aviation players here wednesday.
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.
The meeting, jointly organised by FICCI and the Civil
Aviation Ministry on the sidelines of the ongoing 37th
assembly of UN-affiliate International Civil Aviation
Organisation, was attended by a large number of leading
figures of the global aviation fraternity.
It was also addressed by Giovanni Bisignani, Director
General and CEO of the International Air Transport
Association, Boeing India chief and Chairman of FICCI Civil
Aviation Committee Dinesh Keskar and Indian High Commissioner
to Canada S M Gavai. PTI