In a significant development, the government today allowed foreign carriers to take up to 74 per cent stake in cargo airlines.
Previously, while foreign direct investment (FDI) up to 49 per cent was allowed in cargo airlines, international carriers were not allowed to invest in cargo operations.
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Previously, while foreign direct investment (FDI) up to 49 per cent was allowed in cargo airlines, international carriers were not allowed to invest in cargo operations.
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