two nominated by Tata Sons and one by SIA. This will be increased to six in due course of time with four members being nominated by Tata Sons and two by SIA.
Apart from the board members, the Tata-SIA will be managed by a CEO who won’t be part of the board.
The Tata-SIA proposal was supposed to be taken up by the Foreign Investment Promotion Board on October 18. However, the FIPB meeting has been deferred till October 24.