The Indian Ministry of Civil Aviation has flatly refused a proposal of the Ministry of Commerce & Industry to increase the FDI cap in scheduled airlines to 74% from the current 49%. The ministry said that it was still “testing waters after permitting foreign airlines to invest up to 49% in scheduled Indian carriers in September last year” and that they have turned down the DIPP proposal. The ministry has however agreed to a proposal to allow up to 100% FDI in non-scheduled air service operators (NSOPs) under the automatic route in the general aviation sector. This would allow foreign
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