TaxTMI 
TaxTMI 
GOVERNMENT APPROVES FOLLOWING CHANGES IN FDI POLICY RELATED TO CIVIL AVIATION
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....OVERNMENT APPROVES FOLLOWING CHANGES IN FDI POLICY RELATED TO CIVIL AVIATION <br>News and Press Release<br>Dated:- 31-1-2008<br><BR>The Government today has approved certain changes in the FDI permitt....
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....ed in civil aviation activities. · FDI in Air Transport services would continue to be capped at 49% on the automatic route and 100% for Non-resident Indians (NRI), subject to no direct or indirect ....
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....participation by foreign airlines. This segment would be reclassified as Domestic Scheduled Passenger Airline Sector. · FDI up to 74% may be permitted on the automatic route for Non Scheduled airli....
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....nes, Chartered airlines and Cargo airlines. No direct or indirect participation by foreign airlines would be allowed in non-scheduled airlines and chartered airlines. NRI investment would be allowed u....
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....p to 100% on the automatic route. · FDI up to 74% may be permitted on the automatic route for Ground handling Services subject to sectoral regulations and security clearance. NRI investment would be....
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.... allowed up to 100% on the automatic route. FDI up to 100% may be permitted on the automatic route for Maintenance and Repair organizations; flying training institutes; technical training instituti....
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....ons; and helicopter services/seaplane services in the aviation sector requiring DGCA approval.<BR> News - Press release - PIB....