Govt okays 100% FDI in MROs

The government today gave its approval for 100% foreign direct investment (FDI) in certain sectors like Maintenance Repair and Overhaul organisations (MROs) and flying training institutes (FTI). Earlier, the FDI limit in these sectors was 49%.

Helicopter and sea plane services were also approved for 100% FDI. 

The cabinet gave its approval for 74% FDI in non-scheduled and cargo airlines.74% FDI in ground handling services was approval subject to sectoral regulations and security clearance.

"Whereas earlier all air transport services including scheduled, non-scheduled and air cargo services were clubbed under one category; cargo and non-scheduled categories have been moved out and the air transport services have been reclassified as Domestic Scheduled Passenger Airline Sector," said a civil aviation ministry official.

FDI in scheduled domestic airlines remains capped at 49%.