100% investment from NRIs permitted in Air India now

The government has notified changes in FDI norms on civil aviation, which will permit non-resident Indian nationals to own 100% stake of Air India. The gazette notification states that foreign investments in Air India, including that of foreign airlines shall not exceed 49% either directly or indirectly except in case of NRIs, who are Indian Nationals, where it is permitted up to 100%.

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