| Air India:a target for Virgin or British Airways? | ||||||
The first state company, Modern Foods, was sold to a Unilever subsidiary early this year and the government announced that Air India and Indian Airlines, the international and national carriers, would be privatized. The markets were enthused.
Soon after, cracks began to show. Ram Naik, a BJP government, argued that the petroleum and oil companies (under his charge) were strategic industries and should stay under government control.
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