India to propose futher opening up insurance and aviation sectors

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NEW DELHI (BLOOMBERG) - India is considering further opening up its insurance and aviation sectors to foreign investors to help spur the economy, according to people familiar with the matter.. Read more at straitstimes.com.

NEW DELHI - India is considering further opening up its insurance and aviation sectors to foreign investors to help spur the economy, according to people familiar with the matter.

It also wants to allow 100 per cent foreign investment in railway operations, education, and rental housing management companies, the people said. FDI is currently prohibited in railway operations. Relaxation of FDI restrictions in the aviation sector may help attract bidders for national carrier Air India, which the government is trying to sell after a failed attempt previously. The government also plans to dispose of Bharat Petroleum Corp, the country's second-largest state refiner, and Shipping Corp of India, the biggest shipping company.

 

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