Wednesday, March 4, 2020

Now Non-Residents of India can invest 100% in Air India under automatic route

To permit foreign investment upto 100% by those NRIs, who are Indian Nationals, in case of M/s Air India Ltd., the Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved to amend the extant FDI Policy to permit Foreign Investment (s) in M/s Air India Ltd by NRIs, who are Indian Nationals, upto to 100% under automatic route.

from taxmann.com News https://ift.tt/2VLsx0K
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