Foreign investment cap of 49 pct in India airlines includes FDI, FII

INDIA-AVIATION-FDI-REFORMS:Foreign investment cap of 49 pct in India airlines includes FDI, FII

India's foreign investment limit of 49 percent in local airlines includes both foreign instuitional investments and foreign direct investment, according to a government document seen by Reuters.

India on Friday allowed foreign airlines to buy stakes of up to 49 percent in local carriers, in a much-awaited policy move that provides a potential lifeline to the country's debt-laden airlines by opening up a fresh source of funding.