NEW DELHI: The finance ministry has notified changes in foreign direct investment (FDI) rules which permit non-resident Indians (NRIs) to acquire upto 100% in Air India. The amendment in FDI policy will permit foreign investment in Air India Ltd at par with other Scheduled Airline Operators.
“Substantial ownership and effective control of M/s Air India Limited shall continue to be vested in Indian Nationals as stipulated in Aircraft Rules, 1937,” Department of Economic Affairs (DEA) said in a notification.
