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At a meeting in early November, the Department for Promotion of Industry and Internal Trade (DPIIT) asked the aviation ministry if it would be feasible to change the so-called “substantial ownership and effective control” clause, the person said, asking not to be identified as the details aren’t public yet.
Foreign control of airlines mulled to push Air India sale
Shruti Srivastava
04 Dec 2019 1:33 AM

Doing away with the “substantial ownership” clause will enable an overseas stakeholder weigh in on major decisions of local airlines.

The nation’s exports totalled $330 billion in the year ended March, in comparison to China’s $2.6 trillion in 2018. (Representational image)
$1 trillion exports a daunting target
Shruti Srivastava
13 Sep 2019 1:57 AM

Prime Minister Narendra Modi has pledged to grow India to a $5-trillion economy by 2024.

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