Tag Archives: Brownfield Projects

Vumlunmang Vualnam, Secretary of Civil Aviation, Government of India said, “While we have 157 airstrips already, which are functional, which we are proud of, we have already started looking at the 453 full list of airstrips that exist in our country. We are considering to develop these as brownfield projects. We also look at the defense airfields to expand joint user concept.”

The Government will now permit 100% FDI in Brownfield airport projects under automatic route, extending the earlier cap of 74 per cent. The extant FDI policy on Airports permits 100% FDI under automatic route in Greenfield Projects. As per the present FDI policy, foreign investment up to 49% was allowed under automatic route in Scheduled Air Transport Service/ Domestic Scheduled Passenger Airline and regional Air Transport Service. It has now been decided to raise this limit to 100%, with FDI up to 49% permitted under automatic route and FDI beyond 49% through Government approval. For NRIs, 100% FDI will continue to be allowed under automatic route. However, foreign airlines would continue to be allowed to invest in capital of Indian companies operating scheduled and non-scheduled air-transport services up to the limit of 49% of their paid up capital and subject to the laid down conditions in the existing policy. The decision was taken at a high-level meeting chaired by Prime Minister Narendra Modi.