By 01 June, 2009

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.

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"An IPO could be considered in the near future," Praful Patel told reporters, adding it would depend on the state of the equity markets.

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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.

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