Govt notifies amended FDI policy on civil aviation

NEW DELHI : The government has notified changes in Foreign Direct Investment (FDI) norms on civil aviation, which will permit non-resident Indian nationals to own 100% stake of Air India.

The gazette notification comes amid the ongoing process of strategic disinvestment of Air India.

Last month, the government for the third time extended the deadline to bid for Air India as the COVID-19 fallout has disrupted economic activities globally. The deadline was extended by two months till August 31. The divestment process for the national carrier was initiated on January 27.