Govt notifies new FDI norms on civil aviation

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Permits NRIs to own 100% stake of Air India

AMN / NEW DELHI

The government has notified changes in Foreign Direct Investment (FDI) norms on civil aviation. It will permit non-resident Indian nationals to own 100 per cent stake of Air India.

Last month, the government for the third time extended the deadline to bid for Air India. The deadline was extended by two months till August 31st. The divestment process for the national carrier was initiated on January 27th.