Govt to consider IPO for Air India: Patel

An initial public offering of shares in state-run carrier Air India could be considered in the near future,the newly appointed aviation minister said on Monday.

“An IPO could be considered in the near future,” Praful Patel said,adding it would depend on the state of the equity markets.

The Congress party-led government is seen rolling out reforms,including privatisation and hiking of foreign investment caps,to lift the economy and attract investment,after it was returned to power with a decisive mandate in last month’s federal elections.