FDI policy changes impact domestic carriers
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With the national FDI policy up for review at the end of this month, the government is considering changing the rules pertaining to foreign investment in Indian airlines. It is possible that minority stakes in domestic carriers may become available to foreign investors who are hungry for a stake in India’s burgeoning aviation industry. Further deregulation may also allow foreign investors to set up new units in the same business sector without the approval of domestic joint venture partners. Maximum investment caps may also be elevated from INR600 core to INR1,500 core.
Civil aviation secretary Nasim Zaidi has said his ministry has received a request from the department of industrial policy and promotion (DIPP)
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