New Delhi: Fair trade regulator CCI has dismissed allegations of anti-competitive practices by the Department of Industrial Policy & Promotion (DIPP) for not allowing FDI by foreign airlines in state-owned Air India.
"Not allowing FDI from foreign airlines in Air India does not appear to be hampering competition in the relevant market in any way," the Competition Commission of India (CCI) said in an order dated October 8, which was made public today.
DIPP has allowed foreign airlines to invest up to 49 per cent stake in Indian carriers except Air India.
After looking into complaints against DIPP, CCI said it "is not a fit case for causing investigation to be made by the Director General (DG)".
CCI said the direction by DIPP on FDI "only gave an additional option to all private airlines to finance their capital needs through foreign direct investments from foreign airlines, which does not affect their interest inter-se".
Read news in full 18/10/13 PTI/NDTV.com
Sunday, 20 October 2013
CCI rejects complaint against DIPP for not allowing FDI in Air India
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