21 Jun 2016
Centre eases norms, allows 100% FDI in aviation
- Unveiling significant reforms, the Centre allowed 100% Foreign Direct Investment in Indian airlines; foreign investors, other than overseas airlines, can now have 100% stake in local airlines.
- After the National Civil Aviation Policy, the NDA government came up with a measure to boost the aviation sector.
- The announcement came amid concerns over local carriers control and ownership, where foreign firms have a substantial stake.