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Indian Government Woos Foreign Airlines to Invest in Air India

By Shruti Srivastava and Anurag Kotoky, Bloomberg

Graham Crouch  / Bloomberg

Indian Prime Minister Narendra Modi is shown during a visit in 2017 to Israel. Modi has recently made progress in his goal of easing often- daunting restrictions on foreign investment. Graham Crouch / Bloomberg

Skift Take: Indian Prime Minister Narendra Modi recently made progress in easing often daunting restrictions on investment. Foreign airlines can now buy up to 49 percent of Air India. But overseas investors may still ignore the struggling company.

— Sean O’Neill

Indian Prime Minister Narendra Modi eased restrictions on foreign direct investment across several sectors, including allowing overseas airlines to invest in state carrier <a class="colorbox" href="http://www.airindia.in/" target="_blank" …read more

From:: Skift

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