The Indian government on Friday amended its foreign direct investment (FDI) rules, allowing foreign airlines to buy up to 49% equity in Indian carriers.
The Indian government on Friday amended its foreign direct investment (FDI) rules, allowing foreign airlines to buy up to 49% equity in Indian carriers. The move is expected to provide a lifeline for debt-laden carriers and open up fresh sources of funding. The decision was part of several new measures announced by prime minister Manmohan Singh’s administration, which has been under fire in recent months for wavering over policy change. Indian carriers have been going through ...
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