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FDI Relaxation In Aviation Likely To Help Find Buyers For Air India

FDI Relaxation In Aviation Likely To Help Find Buyers For Air India

The recent Budget announcement to further relax foreign direct investment norms and policies in the aviation sector may help sell Air India, as well as Jet Airways. Both commercial carriers were put up for sale after going bankrupt. Finance Minister Nirmala Sitharaman, announced in the Budget that the government is looking to ease FDI norms to facilitate overseas investment in sectors like aviation, media, insurance intermediaries, and single brand retail. “I propose to further consolidate, the gains in order to…

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