Reuters logo
Foreign investment cap of 49 percent in India airlines includes FDI, FII
September 14, 2012 / 1:20 PM / in 5 years

Foreign investment cap of 49 percent in India airlines includes FDI, FII

NEW DELHI (Reuters) - India’s foreign investment limit of 49 percent in local airlines includes both foreign institutional investments and foreign direct investment, according to a government document seen by Reuters.

A security personnel stands guard as Air India's Dreamliner Boeing 787 taxies upon its arrival at the airport in New Delhi September 8, 2012. REUTERS/Mansi Thapliyal

India on Friday allowed foreign airlines to buy stakes of up to 49 percent in local carriers, in a much-awaited policy move that provides a potential lifeline to the country’s debt-laden airlines by opening up a fresh source of funding.

Reporting by Rajesh Kumar Singh; Editing by Sunil Nair

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below