The Indian government has made good its promises to open-up the economy as it announces radical changes in India’s foreign direct investment policy, in the process opening up the airline sector to 100% ownership, the changes also relax the rules for defence and puts most sectors on the automatic approval list. “India is now the most open economy in the world for foreign direct investment,” Prime Minister Narendra Modi said yesterday. “Now most of the sectors would be under automatic approval route, except a small negative list.” The government has allowed 100% FDI in airlines from 49%. Some 49% ownership
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.