| | NEWS FLASH
| The government has relaxed norms for Foreign Direct Investment (FDI) in the aviation sector, thus allowing foreign carriers to invest in domestic airlines.
The decision was taken in a meeting of the Cabinet Committee on Economic Affairs (CCEA) this evening.
The move means that global airlines can now invest up to 49 per cent in the aviation sector. Previous FDI rules allowed foreign entities other than airlines to own, directly or indirectly, an equity stake of up to 49 per cent in Indian carriers. | |
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