The India aviation ministry has decided to shelve a proposal to raise the foreign investment limit in Indian airlines to 74% from the current 49% limit. The proposal was part of the new aviation policy which is awaiting cabinet approval but it has now been removed.
FDI rule reform to be shelved
The India aviation ministry has decided to shelve a proposal to raise the foreign investment limit in Indian airlines to 74% from the current 49% limit. The proposal was part of the new aviation policy which is awaiting cabinet approval but it has now been removed.