The Foreign Investment Promotion Board (FIPB) has cleared AirAsia-Tata Sons JV's investment proposal, according to reports.
Earlier reports stated that that the aviation ministry is understood to have opposed the plan.
AirAsia Group CEO Tony Fernandes is keen to kick off his airline in the country as early as May-June instead of his earlier plans towards the year-end, report said.
India Infoline News Service / 11:17, Apr 24, 2015
The ice-cream market in India is estimated at Rs 3,500 crore and Gujarat is the largest market.