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There is an urgent need to review restrictions on foreign investments in Indian airlines

Updated : January 23, 2020 03:02 PM IST

The substantial ownership and effective control provision stipulate that a country’s airlines must be owned and controlled by local interest.
Indeed, many of the thriving airport hubs overseas, especially in the Middle East, owe a significant part of their success to the Indian traveller.
The government’s struggle to sell national airline Air India underscores the skittishness of foreign investors.
There is an urgent need to review restrictions on foreign investments in Indian airlines

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