In the construction sector, the government has allowed 100 per cent FDI under automatic route.
It has now been decided to permit 100 per cent FDI under automatic route for SBRT.
In civil aviation, the existing policy allows foreign airlines to invest under government approval route in the capital of Indian companies operating scheduled and non-scheduled air transport services, up to the limit of 49 per cent of their paid-up capital.
The Union cabinet has now been decided to do away with this restriction and allow foreign airlines to invest up to 49 per cent under approval route in Air India subject to the conditions that: Foreign investment(s) in Air India including that of foreign Airline(s) shall not exceed 49 per cent either directly or indirectly and that (b) substantial ownership and effective control of Air India shall continue to be vested in Indian national.
The existing policy provided for 49 per cent FDI under automatic route in Power Exchanges registered under the Central Electricity Regulatory Commission (Power Market) Regulations, 2010.