Business Today | 28/07/2020 06:40 PM | Click to read full article
The government has altered the Foreign Direct Investment (FDI) norms allowing non-resident Indians (NRIs) to acquire up to a 100 per cent stake in Air India. The Finance Ministry notified the changes in FDI policy that will permit foreign investment in the national carrier at par with other scheduled airline operators.
As per the notification, foreign investments in Air India shall not exceed 49 per cent. Only in case of NRIs, investments are allowed up to 100 per cent.