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Indian Government considers opening FDI cap to foreign airline investors in domestic airlines

22-Dec-2009 10:52 AM

Indian Government reportedly announced it is considering plans to permit foreign airlines to invest in Indian domestic carriers (The Hindu Business Line, 21-Dec-2009). Indian Ministry of Civil Aviation (MoCA) has reportedly submitted a proposal to the Ministry of Commerce requesting foreign airlines be permitted to invest under the 49% foreign direct investment (FDI) cap in domestic airlines, currently in force for non-airline investors.