IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 21 Feb 2014 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 21 February 2014, the Indian aviation authority, the Directorate General of Civil Aviation, amended the rules for foreign control over management of domestic airlines.
 
The amdended rules state that domestic airlines shall not enter intoagreements with a foreign investor that give this partnerthe right to control the management of the domestic airline. The prior rules made no explicit reference to the whereabouts of the effective control over the domestic carrier. Instead, the earlier rules required that the Chairman and two-thrids of the domestic airline's board members are Indian citizens; thus implicitly leaving effective control and substantial ownership to domestic citizens.
 

AFFECTED COUNTRIES

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