FDI by PIOs in aviation

The Government has put in place a liberal and investor-friendly policy on Foreign Direct Investment (FDI) under which FDI up to 100% is permitted on the automatic route in most sectors / activities. The policy on FDI, including policy for investment by Person of Indian Origin (PIOs), is reviewed on a continuing basis for addressing specific concerns, such as security, and providing a conducive investment climate to attract FDI.
As per extant policy, FDI is permitted in the Civil Aviation sector as under:
(i) Scheduled domestic airlines - FDI up to 49% and investment by Non-resident Indians (NRIs) up to 100% is permitted under the automatic route subject to no direct or indirect participation by foreign airlines and sectoral guidelines
(ii) Non-scheduled airlines/chartered airlines and Cargo airlines - FDI up to 74% and investment by NRIs up to 100% is permitted under the automatic route subject to no direct or indirect participation by foreign airlines in Non-scheduled and chartered airlines.
(iii) Ground Handling services - FDI up to 74% and investment by NRIs up to 100% is permitted under the automatic route subject to sectoral regulations and security clearance.
17/12/08 Press Information Bureau

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Categories: Foreign Dec 2008, New Dec 2008