Cabinet to discuss FDI norms on Thursday

Image
BS Reporter New Delhi
Last Updated : Jan 19 2013 | 10:05 PM IST
 The Department of Industrial Policy and Promotion (DIPP) has proposed capping foreign investment at 74% for scheduled airlines, chartered airlines, cargo airlines as well as ground handling services of aircrafts.

Maintenance and repair operations, flying training institutes as well as helicopter and sea plane services may get FDI inflows up to 100%, if the proposal is approved by the senior ministers in the Cabinet.

More over, it has also been proposed to increase the equity component of foreign investment in public sector refineries to 49% from the current limit of 26%.

Also on the cards are allowing foreign investment in commodity exchanges, with a composite limit of 49% for FDI and Foreign Institutional Investment (FII) inflows in to the sector. The FII component is proposed to be capped at 24%.

The DIPP has also proposed FDI of up to 49%  in credit information companies. More over, it has also been proposed to permit 100% FDI in mining of titanium.

 

More From This Section

First Published: Nov 26 2007 | 5:57 PM IST

Next Story