New Delhi: The Union Cabinet will consider a proposal to allow foreign airlines to buy stakes in local carriers on Friday, but a proposal to allow foreign supermarkets to invest in Asia's third largest economy is not on the agenda, trade minister Anand Sharma said.

Read more: FDI in aviation soon to come: Ajit

Under current rules, foreign airlines are barred from buying stakes in domestic carriers, although foreign investors are allowed to hold a cumulative 49 percent.


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