Government to allow NRIs to acquire 100% stake in Air India
NEW DELHI: The Cabinet on Wednesday approved the proposal to allow non-resident Indians (NRIs) to acquire 100% stake in national carrier Air India, Union minister Prakash Javadekar.
“NRIs who are Indian nationals will get permission to invest Air India. This will pave the way for fresh investments. Passengers will continue to get better and better services and it will also improve the business environment,” said Javadekar.
The minister said various policies of the Narendra Modi administration has made India a very attractive destination for foreign investment.
