FDI Policy Review On Nov 29

New Delhi: The proposed review of the FDI policy is scheduled to be taken up for consideration by the Union Cabinet this Nov 29, Commerce Minister Kamal Nath said. The Department of Industrial Policy and Promotion (DIPP) has planned capping foreign investment at 74 per cent for scheduled airlines, chartered airlines, cargo airlines as well as ground handling services of aircraft. Maintenance and repair operations, flying training institutes as well as helicopter and sea plane services may get FDI inflows up to 100 per cent, if the proposal is approved by the senior ministers in the Union Cabinet.