Our Bureau

New Delhi, Nov. 17

THE Cabinet Committee on Economic Affairs (CCEA) today referred the decision on further liberalising foreign direct invest norms for airport, mining and power trading, coffee and rubber processing, trading and coal and lignite sectors, to a Group of Ministers (GoM), to be formed within a week.

"The issue has been referred to the GoM partly because many of the senior ministers were not present and partly because many of the proposals were not precisely formulated," the Finance Minister, Mr P. Chidambaram, told newspersons after the CCEA meeting. It was presided over by the Prime Minister, Dr Manmohan Singh.

The proposals for liberalising the FDI norms in the three areas of airports, mining and power trading would now be examined by the GoM, he said.

(This article was published in the Business Line print edition dated November 18, 2005)
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