'India is a high-cost market but that is man-made. The government can change that with a stroke of the pen.'
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
Rakesh Gangwal's holding is considered FDI even though the majority stake in Caelum is held by NRIs
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances