SpiceJet has held preliminary talks with a Gulf based airline for potential investment in the Indian budget carrier, a news report has said.

\\\"There have been preliminary discussions to check in principle whether there is interest on both sides and the confirmation there would be \\\'yes there is\\\',\\\" SpiceJet CEONeil Mills told Arabian Business. 

Any such tie-up depends on a policy shift in India\\\'s aviation industry, which currently prohibits foreign direct investment (FDI) in the sector. Mills said as the framework for FDI in Indian aviation is not yet in place, overseas carriers were reluctant to enter more formal negotiations.

\\\"(Talks have) been on a preliminary basis, because they\\\'ve quite rightly said what\\\'s the point in investing money in due diligence if the rule to enable (an investment) doesn\\\'t even exist,\\\" Mills was quoted as saying.

Mills, however, declined to reveal whether UAE-based Etihad Airways, which owns minority stakes in airberlin and Virgin Australia, and Qatar Airways were among the interested parties.

SpiceJet has a network of 41 destinations across South Asia and the Middle East. Any future tie-up, Mills said, would provide reciprocal benefits.

\\\"We\\\'ve got a good network and we\\\'re carrying 36,000 people a day (and) about one million people a month now, so we\\\'ve got good feed and good catchment,\\\" he said.

A partnership with an international carrier would give SpiceJet access to economies of scale on procurement contracts and long-haul options for its passengers, he added.

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