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ASA Business Bulletin 29/02/2020-06/03/2020
ASA Business Bulletin 29/02/2020-06/03/2020

Cabinet approves the FDI policy on Civil Aviation
Cabinet has approved to amend the extant Foreign Direct Investment (FDI) policy upto 100% by Non Resident Indians (NRIs) under automatic route in Scheduled Air Transport Service/Domestic Scheduled Passenger Airline.  As per the present FDI Policy, 100% FDI is permitted - upto 49% in automatic  and 49% beyond Government route.  Further, FDI is subject to the condition that Substantial Ownership & Effective Control (SOEC) shall be vested in Indian Nationals as per aircraft rules, 1937.

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