Flying in the face of prevailing negative sentiments about government inaction and policy paralysis, the central Ministry of Commerce and Industry recently came out with a flurry of notifications liberalizing the foreign direct investment (FDI) regime.
Partner
Phoenix Legal
Aviation – the beginning of a beautiful friendship? The aviation sector, lately experiencing much turbulence due to rising costs and liquidity issues, has been given a boost by permitting foreign airlines to invest up to 49% of the capital of Indian companies operating scheduled and non-scheduled air transport services, under the approval route. While FDI in aviation was conditionally permitted, participation by foreign airlines was prohibited – hindering entry into the lucrative Indian market.
Foreign investors would have to be mindful of several riders, including obtaining security clearance for foreign personnel. While FDI may not be the panacea for Indian commercial carriers, it might prove to be a game changer in the long run.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Sawant Singh is a partner and Davis Kanjamala is an associate at the Mumbai office of Phoenix Legal.
New Delhi
Second Floor,
254, Okhla Industrial Estate,
Phase III, New Delhi-110020
India
Tel +91 11 4983 0000
Fax: +91 11 4983 0099
Email: delhi@phoenixlegal.in
Mumbai
First Floor, CS-242,
Mathuradas Mill Compound,
NM Joshi Marg, Lower Parel
Mumbai – 400 013, India
Tel: +91 22 4340 8500
Fax: +91 22 4340 8501
Email: mumbai@phoenixlegal.in
