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Thursday, January 31, 2008

India Raises Limit on Foreign Stakes in Helos

India's government will now allow foreign investors to own 100 percent of the stock in helicopter operators in that nation. The Indian Cabinet today also approved raising the limit of foreign direct investment to 100 percent for maintenance organizations and flight schools. Foreign investors had been limited to 49 percent of such operations. The changes are expected to spur major foreign investments in those operations in India and, consequently, growth of the helicopter, maintenance, and flight training sectors there. For related news
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