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Allow 49% investment in domestic airlines
Industry chamber CII on Monday suggested that the Government liberalise the FDI policy to allow foreign airlines to invest up to 49 per cent in cash-starved domestic air-carriers.
“A liberal FDI regime would pave the way for foreign airlines to participate in India’s aviation sector and strengthen it. A comprehensive policy direction is needed to address the prevailing crisis and lay a path for future growth,” CII said in a statement.
Industry chamber CII on Monday suggested that the Government liberalise the FDI policy to allow foreign airlines to invest up to 49 per cent in cash-starved domestic air-carriers.
“A liberal FDI regime would pave the way for foreign airlines to participate in India’s aviation sector and strengthen it. A comprehensive policy direction is needed to address the prevailing crisis and lay a path for future growth,” CII said in a statement.
