https://www.taxtmi.com/circulars?id=2138 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. en-us Fri, 29 Jul 2005 00:00:00 +0530 Fri, 03 Oct 2008 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2138 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. Circulars FEMA Fri, 29 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2138