, Singapore

SIA, SingTel investment plans in India get go-ahead

SIA's full-service airline in India underway.

According to Reuters' report, Singapore Airlines has won the Indian Foreign Investment Promotion Board's approval to set up a full-service airline in the country in a joint venture with the Tata conglomerate, a senior finance ministry official said.

Economic Affairs Secretary Arvind Mayaram, who was speaking to reporters after a meeting of the FIPB on Thursday, did not give further details.

Mayaram also said the FIPB approved a foreign direct investment proposal by a unit of SingTel, but did not elaborate.

Read full report here.

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