Perhaps too late for BA’s proposed stake in Go (not to be confused with the Mesa Hawaiian Subsidiary of similar name), India has liberalized its foreign investment amounts up to 49% and up to 100% for Non resident Indians provided they are not airlines.
This could open up the Indian market for foreign investment at a time when the market desperately needs cash injections. However the Red Tape could mean a very long time before anyone does anything.
Cheers
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