New Delhi: There is a tussle between the Civil Aviation Ministry and Industries Ministry over the extent of allowing foreign airlines to invest in domestic carriers.
Civil Aviation Ministry sources have said that they are firm on a 24 per cent cap on the extent of FDI by foreign carriers while the Industry Ministry has batted for a minimum of 26 per cent.
A note by the Department of Industrial Policy and Promotion has listed various options including 26 per cent, 49 per cent and 51 per cent.
However, sources in the Aviation Ministry denied that they had received the note.
Sources also said that the Union Cabinet might soon discuss the issue.
Current rules allow FDI in Indian aviation companies, but do not allow foreign airlines to own stake in India's carriers.
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