){kind=logo}
Govt Notifies Changes in FDI Norms on Civil Aviation, Allows NRIs to Acquire Upto 100 Percent in Air India
News 18The government has notified changes in Foreign Direct Investment norms on civil aviation, which will permit non-resident Indian nationals to own 100 per cent stake of Air India. "Foreign investments in M/s Air India Limited, including that of foreign airlines shall not exceed 49 per cent either directly or indirectly except in case of those NRIs, who are Indian Nationals, where foreign investments is permitted up to 100 per cent under the automatic route," it said. However, for NRIs 100 per cent FDI is permitted under automatic route in Scheduled Air Transport Service/Domestic Scheduled Passenger Airline. Earlier in March, the Union Cabinet approved a proposal to permit foreign investment up to 100 per cent by those NRIs, who are Indian Nationals, in case of Air India.
History of this topic
Centre eases FDI norms for space sector to boost offshore investment
Hindustan Times)
Indian finance ministry notifies 100% FDI for satellites ahead of Elon Musk's India visit
Firstpost)
GoI loosens FDI restrictions on India's private aerospace sector, wants to attract major investments
Firstpost
Centre announces 100% Foreign Direct Investment in Space sector, move expected to attract potential investors to Indian space companies
Op India
100% FDI to be allowed in space sector: Centre
The Hindu
Centre permits 100% FDI in telecom sector
Hindustan TimesGovt’s decision on FDI in defence to enhance self-reliance in sector: Goyal
The Hindu)
Govt Permits Up to 74 per cent FDI Under Automatic Route in Defence Sector
News 18Discover Related
)
)
