With the Foreign Investment Promotion Board (FIPB( giving approval to the Tata-Singapore Airlines joint venture to start a full-service carrier, Tata Group Chairman Emeritus Ratan Tata today met Commerce and Industry Minister Anand Sharma.
Ratan Tata was accompanied by Singapore Airlines (SIA) CEO Goh Choon Phong and Tata SIA Airlines Chairman Prasad Menon.
While Ratan Tata declined to comment, sources in the ministry said the meeting was a courtesy call.
Yesterday, Ratan Tata along with Phong had also met Finance Minister P Chidambaram after the FIPB cleared the venture. The Foreign Investment Promotion Board (FIPB) gave its green signal to Singapore Airlines to start a full-service airline in partnership with Tata Sons entailing an initial foreign investment of $ 49 million.
Read news in full25/101/3 NDTV.com
Sunday 3 November 2013
Ratan Tata meets Anand Sharma after investment board's nod to airline venture
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