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National
Decision on raising FDI cap on civil aviation put off
Special Correspondent
Proposal to enhance the 49 p.c. limit in non-scheduled airlines 74 p.c. for ground handling services
NEW DELHI: The Union Cabinet on Thursday deferred a decision on raising the cap on foreign direct investment (FDI) in the civil aviation sector.
“The issue has been deferred,” Information and Broadcasting Minister P. R. Dasmunsi said when asked whether the Cabinet considered the proposal submitted by the Civil Aviation Ministry.
The Cabinet was to take a policy decision on the Ministry’s proposals to enhance the 49 per cent limit in non-scheduled airlines, chartered and cargo carriers to 74 per cent, without any direct or indirect participation of any foreign airline.
The Ministry also proposed to raise the FDI cap for ground handling services to 74 per cent through the automatic route and to 100 per cent via the same route for setting up of maintenance, repair and overhaul facilities and flying and technical training institutions, besides in helicopter and sea-plane services.
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