Foreign direct investment liberalisation permits automatic-route investment in petroleum while restricting foreign airline equity in domestic air transport. Foreign Direct Investment policy permits automatic-route foreign investment in Petroleum Product Marketing, Oil Exploration in small and medium sized fields, and Petroleum Product Pipelines; the FEMA amendment enabling this change has been notified. In Air Transport Services (domestic airlines), NRIs may invest under the Automatic Route while other foreign investors face an equity cap and no direct or indirect equity participation by foreign airlines is permitted.
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Provisions expressly mentioned in the judgment/order text.
Foreign direct investment liberalisation permits automatic-route investment in petroleum while restricting foreign airline equity in domestic air transport.
Foreign Direct Investment policy permits automatic-route foreign investment in Petroleum Product Marketing, Oil Exploration in small and medium sized fields, and Petroleum Product Pipelines; the FEMA amendment enabling this change has been notified. In Air Transport Services (domestic airlines), NRIs may invest under the Automatic Route while other foreign investors face an equity cap and no direct or indirect equity participation by foreign airlines is permitted.
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