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India likely to consider foreign stakes

Updated on Jan 14, 2009 10:59 pm IST

India's aviation minister Praful Patel has hinted at possible buying of stakes in domestic aviation sector by foreign airlines.Speaking to reporters on the sidelines of Petrotech 2009,on Wednesday, Patel said that government is considering various options to help the aviation industry in coming out of the current problems.He added that allowing foreign investors is one of the measures being pondered over to help the sector overcome the financial crunch.

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