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of <h1>India Increases FDI Limits: 100% in Petroleum Sector, Up to 49% in Air Transport Services for Foreign Entities.</h1> The circular addresses the liberalization of Foreign Direct Investment (FDI) limits in the Petroleum sector and Air Transport Services in India. It allows up to 100% FDI under the Automatic Route in petroleum product marketing, oil exploration in small and medium fields, and petroleum product pipelines. For the Air Transport Services sector, 100% FDI is permitted by Non-Resident Indians (NRIs), and up to 49% by other foreign entities, excluding foreign airlines. The circular directs Authorized Dealer banks to inform their clients and customers about these changes, issued under the Foreign Exchange Management Act, 1999.
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