NRIs can now acquire up to 100% equity in Air India, says govt

Allowing 100 per cent investment by Non-Resident Indians (NRIs) in the carrier would also not be in violation of SOEC norms. NRI investments would be treated as domestic investments

Non-resident Indians (NRIs) can acquire up to 100 per cent equity in Air India, Union minister Prakash Javadekar announced on Wednesday.

"FDI Policy amended to permit foreign Investments in M/S Air India Ltd by NRIs who are Indian nationals, up to 100 per cent under automatic route. Earlier only 49% was available for sale to NRIs in Air India. Now they can purchase 100%," he said after the Cabinet meeting.

The decision comes at a time when the government is looking to sell 100 per cent stake sale in the national carrier.
 

Allowing 100 per cent investment by Non-Resident Indians