AirAsia Bhd's (AIRA.KL) recommendation to set up a joint wander for running a traveler aerial shuttle with the Tata Group has been sanction by India's Foreign Investment Promotion Board (FIPB), an administration articulation stated on Tuesday.
Malaysia's AirAsia, the greatest plan bearer in Asia, plans to start a local air transport in India with a beginning venture of 800 million rupees to take advantage of interest for residential air voyage around India's unfolding white collar class.
AirAsia's recommendation was cleared at a gathering on March 6, authorities had stated.
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