(Video) Rajya Sabha TV (RSTV) Policy Watch: 100% FDI by NRIs in Air India

Topic: 100% FDI by NRIs in Air India

Expert Panel:

Dr. Sanat Kaul, Chairman, (International Foundation for Aviation)
Ganapathy Subramaniam, (Senior Journalist)
Ankur Bhatia, (Member, CII Committee on Civil Aviation)

Topic Description:

Union Cabinet has approved 100 per cent FDI in the sale-bound Air India by NRIs. The investment would be allowed through the automatic route. The government on January 27 invited expression of interest from prospective buyers of Air India and two of its subsidiaries. The government will make public the names of short-listed bidders in the first round of bidding by March 31. The national carrier has been making losses for long and as part of revival efforts, the government has decided on its disinvestment. Saddled with a debt of around 60,000 crore rupees, the airline has been making losses to the tune of 20-25 crore every day.